530 Woonasquatucket AveNorth 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 530 Woonasquatucket Ave, North Providence, RI, 02911 generates $3,137/mo in rent and, after a $1,810/mo payment, leaves $723/mo in cash flow. Total monthly income is $3,137/mo, and annual cash flow is $8,674/yr on $122,622 invested. Return on cash invested sits at 26.98% in year one, and rental yield is 10.18% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 141.21% and total cumulative return in cash sums $173,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,137/mo property income rather than buyer’s personal income.
Single Family
Built in 1848
0.29 Acres 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: Elvis Santana • Circle 100 Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1374618
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.