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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 Providence at 518 Charles St, Providence, RI, 02904 offers $2,228/mo rent that, after a $2,790/mo payment. Total monthly income is $2,228/mo. Return on cash invested measures 10.51% in year one, and rental yield stands at 4.69% at a $570,000 entry. Equity gained on principal adds $3,678/yr while 5% annual appreciation compounds into $157,480 by year five. Five-year ROI records 52.83% and total cumulative return in cash reaches $99,073. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,228/mo property income versus a $2,790/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
3,920 sqft 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 |
|---|---|---|
| 2025-07-18 | Sold | $570,000 |
| 2025-06-19 | Pending sale | $565,900 |
| 2025-06-09 | Price change | $565,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $5230.00 | 17.24% | $285,000 | 13.73% |
| 2023-10-20 | $4461.00 | N/A | $250,600 | N/A |
| 2022-10-20 | $4461.00 | 13.51% | $250,600 | 56.63% |
Listed by: Nicholson Cantave • Cantave Realty Group, Inc.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384751
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 2025 State-Wide MLS, Inc. All rights reserved.
