270 Woodward AveEast ProvidenceRI02914
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Providence at 270 Woodward Ave, East Providence, RI, 02914 with 5% annual appreciation on a $399,900 basis while $3,436/mo rent supports operations. Total monthly income totals $3,436/mo and a $1,957/mo payment preserves $826/mo for cash returns. Annual cash flow comes to $9,910/yr on $132,567 deployed, and return on cash invested reaches 27.38% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 10.31%. Five-year ROI measures 143.37% and total cumulative return in cash totals $190,064.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,436/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Rebeca Savinon • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1399862