29 Ide 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 29 Ide Ave, East Providence, RI, 02914 earns $54/mo cash flow from $1,588/mo rent with a $1,150/mo payment. Total monthly income totals $1,588/mo, and annual cash flow totals $650/yr on $77,903 capital. ROI tracks 20.74% on current figures, and rental yield reads 8.11% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 107.82% and total cumulative return in cash sums $83,992. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,588/mo property income instead of your personal income.
Single Family
Built in 1910
4,499 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: David Johnston • David L. Johnston
Mls Name: StateWide MLS RI
Mls ID: #1396687