33 Adelaide Ave, Providence, RI, 02907 | 6.58% Rental Yield

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

Total monthly income runs $3,287/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 6.58% with $3,287/mo rent. Return on cash invested shows 16.26% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 83.71% and total cumulative return in cash records $164,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,287/mo property income covering a $2,932/mo payment rather than investor’s personal income.

Multi Family

Built in 1930

5,662 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