35 Sheridan St UNIT EProvidenceRI02909
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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
Rental property for sale in Providence at 35 Sheridan St UNIT E, Providence, RI, 02909 priced at $320,000 pairs $2,543/mo rent with $337/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,543/mo, and annual cash flow comes to $4,039/yr on $106,080 invested. Return on cash invested is 23.72% in year one, and rental yield stands at 9.54% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 124.19% and total cumulative return in cash reaches $131,739. For financing, Ziffy Mortgage’s DSCR program evaluates $2,543/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2021
0.70 Acres lot
$N/A/sqft
$110 monthly 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: Esther Denette • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385850
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.