36 Ferncliff AveNorth ProvidenceRI02911
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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 North Providence at 36 Ferncliff Ave, North Providence, RI, 02911 listed at $650,000 pairs $2,647/mo rent with a $3,181/mo payment. Total monthly income runs $2,647/mo. Return on cash invested measures 11.11% in year one, and rental yield registers 4.89% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 56.06% and total cumulative return in cash totals $119,894. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,647/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02911, North Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,476 (100%) |
| Owner Occupied HU | 4,316 (57.7%) |
| Renter Occupied HU | 2,909 (38.9%) |
| Vacant Housing Units | 251 ( 3.4%) |
| Median Home Value | $369,934 |
| Average Home Value | $391,043 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
5,850
Multi-Family
1,092
Businesses
364
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Listed by: David Sweeney • USRealty.com, LLP
Mls Name: StateWide MLS RI
Mls ID: #1392898