52 Bicentennial WayNorth 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
Rental property for sale in North Providence at 52 Bicentennial Way, North Providence, RI, 02911 priced at $549,900 converts $4,358/mo rent into $769/mo cash flow after a $2,691/mo obligation. Total monthly income equals $4,358/mo, and annual cash flow totals $9,226/yr on $180,917 invested. Return on cash invested prints 25.16% in year one, and rental yield reads 9.51% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 131.41% and total cumulative return in cash sums $237,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,358/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1971
8,015 sqft 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: Lydia Mayson • CENTURY 21 Gonsalves - Pastore
Mls Name: StateWide MLS RI
Mls ID: #1395716