282 Morris AveProvidenceRI02906
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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 282 Morris Ave, Providence, RI, 02906 with 5% annual appreciation on a $849,000 basis while $2,910/mo rent supports operations. 75% in year one. Equity gained on principal adds $5,478/yr, and five-year appreciation sums $234,563 alongside rental yield of 4.11%. Five-year ROI measures 43.44% and total cumulative return in cash totals $121,340. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,910/mo property income versus a $4,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
6,159 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: Elise Pansey • C-21 Butterman & Kryston
Mls Name: StateWide MLS RI
Mls ID: #1387597