494 Woonasquatucket Ave APT 209North ProvidenceRI02911
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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 North Providence at 494 Woonasquatucket Ave APT 209, North Providence, RI, 02911 generates $2,132/mo in rent and, after a $1,174/mo payment, leaves $566/mo in cash flow. Total monthly income is $2,132/mo, and annual cash flow is $6,794/yr on $79,527 invested. Return on cash invested sits at 28.45% in year one, and rental yield is 10.66% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 149.17% and total cumulative return in cash sums $118,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,132/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
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Listed by: Liz Kettelle • RE/MAX ADVANTAGE GROUP
Mls Name: StateWide MLS RI
Mls ID: #1399268