54 Raymond StEast ProvidenceRI02914
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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 East Providence at 54 Raymond St, East Providence, RI, 02914 generates $4,003/mo in rent and, after a $2,594/mo payment, leaves $543/mo in cash flow. Total monthly income is $4,003/mo, and annual cash flow is $6,520/yr on $174,370 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 9.06% on a $529,999 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash sums $216,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,003/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Kathleen Checca • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1399834