41 Frederick StProvidenceRI02908
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 2089 sft
- 3 Bed
- 1 Bath
- 962 sft
Nearby investment properties with comparable prices
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 41 Frederick St, Providence, RI, 02908 earns from $3,442/mo rent with a $2,692/mo payment. Total monthly income totals $3,442/mo. ROI tracks 19.08% on current figures, and rental yield reads 7.51% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 98.79% and total cumulative return in cash sums $178,762. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,442/mo property income instead of your personal income.
Multi Family
Built in 2007
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,787 (100%) |
| Owner Occupied HU | 6,158 (39.0%) |
| Renter Occupied HU | 8,471 (53.7%) |
| Vacant Housing Units | 1,158 ( 7.3%) |
| Median Home Value | $357,497 |
| Average Home Value | $392,124 |
Housing Distribution
Address Breakdown
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
Nearby investment properties with comparable rents
- 3 Bed
- 2 Bath
- 2089 sft
- 3 Bed
- 1 Bath
- 962 sft
Nearby investment properties with comparable prices
Listed by: Defni Cruz Palma • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1392648