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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 47 Devonshire St, Providence, RI, 02908 offers $2,735/mo rent that, after a $2,203/mo payment. Total monthly income is $2,735/mo. Return on cash invested measures 18.28% in year one, and rental yield stands at 7.29% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 94.52% and total cumulative return in cash reaches $140,994. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,735/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,787 (100%) |
| Owner Occupied HU | 6,158 (39.0%) |
| Renter Occupied HU | 8,471 (53.7%) |
| Vacant Housing Units | 1,158 ( 7.3%) |
| Median Home Value | $357,497 |
| Average Home Value | $392,124 |
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
Date | Event | Price |
|---|---|---|
| 2025-03-26 | Price change | $450,000 |
| 2025-02-26 | Price change | $465,000 |
| 2025-01-16 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $6151.00 | 3.08% | $335,200 | N/A |
| 2023-04-22 | $5967.00 | N/A | $335,200 | N/A |
| 2022-04-22 | $5967.00 | -5.17% | $335,200 | 30.84% |
Listed by: Matthew Mandeville • Century 21 Limitless PRG
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380927
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.
