43 Chapin Ave #2ProvidenceRI02909
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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 Providence at 43 Chapin Ave #2, Providence, RI, 02909 priced at $249,000 pairs $2,080/mo rent with $454/mo cash flow after a $1,219/mo payment. Total monthly income equals $2,080/mo, and annual cash flow comes to $5,452/yr on $82,544 invested. Return on cash invested is 26.51% in year one, and rental yield stands at 10.02% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 138.74% and total cumulative return in cash reaches $114,524. For financing, Ziffy Mortgage’s DSCR program evaluates $2,080/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1884
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: Justin Hetherington • Compass
Mls Name: StateWide MLS RI
Mls ID: #1399628