31 Devereux St APT 305ProvidenceRI02909
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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 31 Devereux St APT 305, Providence, RI, 02909 listed at $210,000 pairs $2,080/mo rent with a $1,028/mo payment to leave $709/mo cash flow. Total monthly income runs $2,080/mo, and annual cash flow reaches $8,508/yr on $69,615 cash to close. Return on cash invested measures 32.13% in year one, and rental yield registers 11.89% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 168.81% and total cumulative return in cash totals $117,520. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,080/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: Kimber Pope Kettlety • Coldwell Banker Coastal Homes
Mls Name: StateWide MLS RI
Mls ID: #1396252