49 9th StEast ProvidenceRI02914
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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 East Providence at 49 9th St, East Providence, RI, 02914 priced at $524,900 converts $2,561/mo rent into after a $2,569/mo obligation. Total monthly income equals $2,561/mo. Return on cash invested prints 14.05% in year one, and rental yield reads 5.85% against a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,020 by year five. Five-year ROI reaches 71.82% and total cumulative return in cash sums $124,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,561/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Candace Cally • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1401854