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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Providence at 5 Nipmuc Trl #B, North Providence, RI, 02904 priced at $415,000 pairs $2,872/mo rent with $163/mo cash flow after a $2,031/mo payment. Total monthly income equals $2,872/mo, and annual cash flow comes to $1,958/yr on $137,573 invested. Return on cash invested is 21.33% in year one, and rental yield stands at 8.3% on a $415,000 basis. Equity gained on principal adds $2,678/yr, and 5% annual appreciation accumulates to $114,657 by year five. Five-year ROI measures 110.95% and total cumulative return in cash reaches $152,637. For financing, Ziffy Mortgage’s DSCR program evaluates $2,872/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Monalisa Aguiar • Reliable Realty Group LLC
Mls Name: StateWide MLS RI
Mls ID: #1399763
