47 Alverson AveProvidenceRI02909
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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 47 Alverson Ave, Providence, RI, 02909 at $599,900 posts ROI 12.42% with from $2,660/mo rent. Total monthly income equals $2,660/mo. Return on cash invested measures 12.42% and rental yield reads 5.32% at the current $599,900. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 by year five. Five-year ROI prints 63.13% and total cumulative return in cash totals $124,600. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,660/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
5,000 sqft 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: Elvis Santana • Circle 100 Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1398485