494 Woonasquatucket Ave APT 407North 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
Investment property for sale in North Providence at 494 Woonasquatucket Ave APT 407, North Providence, RI, 02911 earns $16/mo cash flow from $1,648/mo rent with a $1,224/mo payment. Total monthly income totals $1,648/mo, and annual cash flow totals $188/yr on $82,875 capital. ROI tracks 20.14% on current figures, and rental yield reads 7.91% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 104.51% and total cumulative return in cash sums $86,614. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,648/mo property income instead of your 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: The Jarrod Lewis Group • J. Christopher Real Estate Grp
Mls Name: StateWide MLS RI
Mls ID: #1395331