271 Union AveProvidenceRI02909
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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 Providence at 271 Union Ave, Providence, RI, 02909 earns from $2,377/mo rent with a $3,573/mo payment. Total monthly income totals $2,377/mo. ROI tracks 8.13% on current figures, and rental yield reads 3.91% at a $730,000 purchase. Equity gained on principal adds $4,711/yr, and 5% annual appreciation supports $201,686 over five years. Five-year ROI reaches 40.07% and total cumulative return in cash sums $96,242. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,377/mo property income instead of your personal income.
Multi Family
Built in 1935
2,896 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: Diana Noriega • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1389993