46 Paul StProvidenceRI02904
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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 46 Paul St, Providence, RI, 02904 offers $2,614/mo rent that, after a $832/mo payment, leaves $1,504/mo cash flow. Total monthly income is $2,614/mo, and annual cash flow is $18,052/yr on $56,355 cash. Return on cash invested measures 51.94% in year one, and rental yield stands at 18.45% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 275.11% and total cumulative return in cash reaches $155,037. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,614/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A