428 Hope StProvidenceRI02906
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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 Providence at 428 Hope St, Providence, RI, 02906 listed at $1,270,000 pairs $6,953/mo rent with a $6,216/mo payment. Total monthly income runs $6,953/mo. Return on cash invested measures 16.47% in year one, and rental yield registers 6.57% at a $1,270,000 basis. Equity gained on principal adds $8,195/yr, and annual property appreciation at 5% supports $350,878 by year five. Five-year ROI tracks 84.75% and total cumulative return in cash totals $348,749. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,953/mo property income relative to a $6,216/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1925
6,303 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: Bruce Nathaniel • Beacon Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1391523