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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Providence at 43 Chapin Ave UNIT 1, Providence, RI, 02909 generates $2,760/mo in rent, after a $2,198/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 15.24% in year one, and rental yield is 7.38% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 79.44% and total cumulative return in cash sums $118,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Condo
Built in 1884
N/A lot
$N/A/sqft
$408 monthly HOA
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
| 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 |
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
Date | Event | Price |
|---|---|---|
| 2025-05-20 | Listed for sale | $449,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Justin Hetherington • Compass / Lila Delman Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1385492
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
