494 Woonasquatucket Ave APT 208North ProvidenceRI02911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Providence at 494 Woonasquatucket Ave APT 208, North Providence, RI, 02911 generates $1,648/mo in rent and, after a $1,219/mo payment, leaves $22/mo in cash flow. Total monthly income is $1,648/mo, and annual cash flow is $268/yr on $82,544 invested. Return on cash invested sits at 20.23% in year one, and rental yield is 7.94% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 105.06% and total cumulative return in cash sums $86,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,648/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02911, North Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,476 (100%) |
| Owner Occupied HU | 4,316 (57.7%) |
| Renter Occupied HU | 2,909 (38.9%) |
| Vacant Housing Units | 251 ( 3.4%) |
| Median Home Value | $369,934 |
| Average Home Value | $391,043 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
5,850
Multi-Family
1,092
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff St. Germain • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1393466