29 Dakota StProvidenceRI02904
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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
Rental property for sale in Providence at 29 Dakota St, Providence, RI, 02904 offers $2,701/mo rent that, after a $2,300/mo payment. Total monthly income is $2,701/mo. Return on cash invested measures 17.09% in year one, and rental yield stands at 6.9% at a $469,900 entry. Equity gained on principal adds $3,032/yr while 5% annual appreciation compounds into $129,825 by year five. Five-year ROI records 88.15% and total cumulative return in cash reaches $137,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,701/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Maura VonDeck • VonDeckRealty, LLC
Mls Name: StateWide MLS RI
Mls ID: #1401447