510 Wickenden St #3ProvidenceRI02906
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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 Providence at 510 Wickenden St #3, Providence, RI, 02906 uses $120,666 cash to close to unlock $4,362/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $2,740/mo, and a $1,782/mo payment keeps the spread at $363/mo. Purchase price stands at $364,000, and rental yield measures 9.03% with $2,740/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $100,566 over five years. Five-year ROI reaches 122.68% and total cumulative return in cash records $148,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,740/mo property income covering a $1,782/mo payment rather than investor’s personal income.
Condo
Built in 1938
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: Ellen Kasle • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1395666