5 Cynthia Dr APT 13North 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 5 Cynthia Dr APT 13, North Providence, RI, 02911 earns $333/mo cash flow from $1,996/mo rent with a $1,003/mo payment. Total monthly income totals $1,996/mo, and annual cash flow totals $3,998/yr on $67,958 capital. ROI tracks 25.79% on current figures, and rental yield reads 11.68% at a $205,000 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 over five years. Five-year ROI reaches 136.96% and total cumulative return in cash sums $93,078. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,996/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$325 monthly 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: Samantha Copeland • Broadway Real Estate Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370836
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 2024 State-Wide MLS, Inc. All rights reserved.