35 Harkness StProvidenceRI02909
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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 35 Harkness St, Providence, RI, 02909 uses $195,722 cash to close to unlock $10,996/yr annual cash flow and $916/mo monthly cash flow. Total monthly income runs $4,800/mo, and a $2,912/mo payment keeps the spread at $916/mo. Purchase price stands at $594,900, and rental yield measures 9.68% with $4,800/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $164,360 over five years. Five-year ROI reaches 134.21% and total cumulative return in cash records $262,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Single Family
Built in 1979
4,800 sqft 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: Daniel Hornby • Elm Real Estate & Design
Mls Name: StateWide MLS RI
Mls ID: #1394095