40 E Point Dr #6East ProvidenceRI02916
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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 East Providence at 40 E Point Dr #6, East Providence, RI, 02916 priced at $599,995 converts $2,040/mo rent into after a $2,937/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 8.65% in year one, and rental yield reads 4.08% against a $599,995 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,768 by year five. Five-year ROI reaches 42.9% and total cumulative return in cash sums $84,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02916, Rumford, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,688 (66.2%) |
| Renter Occupied HU | 1,222 (30.1%) |
| Vacant Housing Units | 151 ( 3.7%) |
| Median Home Value | $430,359 |
| Average Home Value | $452,640 |
Housing Distribution
Address Breakdown
Residential
3,918
Single Family
3,305
Multi-Family
613
Businesses
370
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Listed by: Erin Sullivan • Pulte Homes of New England
Mls Name: StateWide MLS RI
Mls ID: #1403748