28 Portland St FLOOR 2ProvidenceRI02907
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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 28 Portland St FLOOR 2, Providence, RI, 02907 at $219,000 posts ROI 20.82% with $55/mo cash flow from $1,485/mo rent. Total monthly income equals $1,485/mo, and annual cash flow records $664/yr on $72,599 to close. Return on cash invested measures 20.82% and rental yield reads 8.14% at the current $219,000. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 by year five. Five-year ROI prints 108.23% and total cumulative return in cash totals $78,573.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,485/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2024
10,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02907, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,661 (100%) |
| Owner Occupied HU | 2,961 (27.8%) |
| Renter Occupied HU | 7,081 (66.4%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $351,850 |
| Average Home Value | $403,428 |
Housing Distribution
Address Breakdown
Residential
8,964
Single Family
7,561
Multi-Family
1,403
Businesses
1,034
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Listed by: Victor Ekenavie • Vidade Realty
Mls Name: StateWide MLS RI
Mls ID: #1387561