45 Vassar AveProvidenceRI02906
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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 45 Vassar Ave, Providence, RI, 02906 priced at $901,000 converts $9,875/mo rent into $3,993/mo cash flow after a $4,410/mo obligation. Total monthly income equals $9,875/mo, and annual cash flow totals $47,920/yr on $296,429 invested. Return on cash invested prints 36.23% in year one, and rental yield reads 13.15% against a $901,000 entry. Equity gained on principal adds $5,814/yr, while 5% annual appreciation compiles into $248,930 by year five. Five-year ROI reaches 190.76% and total cumulative return in cash sums $565,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,875/mo property income covering a $4,410/mo payment, not borrower’s personal income.
Single Family
Built in 1925
4,896 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: Martin Saklad • Samson Realty, Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1378709
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.