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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 542 Angell St APT 4, Providence, RI, 02906 priced at $285,000 pairs $2,242/mo rent with $67/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,242/mo, and annual cash flow comes to $798/yr on $94,478 invested. Return on cash invested is 20.75% in year one, and rental yield stands at 9.44% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 109.29% and total cumulative return in cash reaches $103,254. For financing, Ziffy Mortgage’s DSCR program evaluates $2,242/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1920
0.53 Acres lot
$N/A/sqft
$315 monthly HOA
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
| 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 |
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $285,000 |
| 2022-07-22 | Sold | $239,000 |
| 2022-07-01 | Pending sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $3081.00 | 3.08% | $167,900 | N/A |
| 2023-04-28 | $2989.00 | N/A | $167,900 | N/A |
| 2022-04-28 | $2989.00 | 41.66% | $167,900 | 95.46% |
Listed by: Jennifer Gurnell • William Raveis Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381788
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.
