377 Hope St APT 3, Providence, RI, 02906 | $814/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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377 Hope St APT 3, Providence, RI, 02906 | $814/mo Cash Flow | Ziffy

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

Rental property for sale in Providence at 377 Hope St APT 3, Providence, RI, 02906 generates $2,740/mo in rent and, after a $1,444/mo payment, leaves $814/mo in cash flow. Total monthly income is $2,740/mo, and annual cash flow is $9,770/yr on $97,793 invested. Return on cash invested sits at 29.9% in year one, and rental yield is 11.15% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 156.9% and total cumulative return in cash sums $153,434. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,740/mo property income rather than buyer’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 2-bedroom, 1-bath condo located in the heart of Providences coveted East Side. Positioned along the vibrant Hope Street corridor, this top-floor residence is filled with natural light that highlights the gleaming hardwood floors and creates a warm, inviting atmosphere throughout. The thoughtfully designed layout features a modern kitchen with ample cabinet space and room to dine, two generous bedrooms offering flexibility for guests or a home office, and an updated bathroom that blends convenience with style. Laundry is easily accessible on-site in the buildings lower level. Right around the corner, enjoy access to countless neighborhood conveniences including popular dining spots such as Tortilla Flats, Seven Stars and Frank & Lauries.The location provides quick connection to universities, parks, and an array of public and private school options. Commuters will benefit from nearby highway access and transit routes offering straightforward travel in and around the city. This home includes off-site parking for two vehicles, offering one garage space and one driveway space.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02906, Providence, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,287 (100%)
Owner Occupied HU	5,790 (43.6%)
Renter Occupied HU	6,560 (49.4%)
Vacant Housing Units	937 ( 7.1%)
Median Home Value	$637,643
Average Home Value	$693,669