31 Compton St, Providence, RI, 02908 | $185/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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31 Compton St, Providence, RI, 02908 | $185/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Providence at 31 Compton St, Providence, RI, 02908 uses $140,854 cash to close to unlock $2,220/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,959/mo, and a $2,080/mo payment keeps the spread at $185/mo. Purchase price stands at $424,900, and rental yield measures 8.36% with $2,959/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 111.74% and total cumulative return in cash records $157,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,959/mo property income covering a $2,080/mo payment rather than investor’s personal income.

Single Family

Built in 1966

4,321 sqft lot

$N/A/sqft

No HOA

More details about the property

Completely remodeled Ranch located in a very desirable area of Mount Pleasant. Upgrades include a brand-new roof, windows, new high efficiency heating system, upgraded electric and all new plumbing. Beautiful kitchen with granite countertops with all new stainless-steel appliances. New tiled bathroom and new hardwood floors throughout the entire house. Clean, open and spacious basement with full walkout ideal for possible living space expansion.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02908, Providence, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,787 (100%)
Owner Occupied HU	6,158 (39.0%)
Renter Occupied HU	8,471 (53.7%)
Vacant Housing Units	1,158 ( 7.3%)
Median Home Value	$357,497
Average Home Value	$392,124