31 Gilmore StProvidenceRI02907
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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
Total monthly income runs $2,885/mo, and a $3,108/mo payment. Purchase price stands at $635,000, and rental yield measures 5.45% with $2,885/mo rent. Return on cash invested shows 12.82% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 65.25% and total cumulative return in cash records $136,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,885/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02907, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,661 (100%) |
| Owner Occupied HU | 2,961 (27.8%) |
| Renter Occupied HU | 7,081 (66.4%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $351,850 |
| Average Home Value | $403,428 |
Housing Distribution
Address Breakdown
Residential
8,964
Single Family
7,561
Multi-Family
1,403
Businesses
1,034
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Listed by: N/A • N/A
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Mls ID: #N/A