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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% |
Investment property for sale in Providence at 55 Felix St, Providence, RI, 02908 listed at $635,000 pairs $2,762/mo rent with a $3,108/mo payment. Total monthly income runs $2,762/mo. Return on cash invested measures 12.12% in year one, and rental yield registers 5.22% at a $635,000 basis. Equity gained on principal adds $4,098/yr, and annual property appreciation at 5% supports $175,439 by year five. Five-year ROI tracks 61.46% and total cumulative return in cash totals $128,396. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,762/mo property income relative to a $3,108/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,787 (100%) |
| Owner Occupied HU | 6,158 (39.0%) |
| Renter Occupied HU | 8,471 (53.7%) |
| Vacant Housing Units | 1,158 ( 7.3%) |
| Median Home Value | $357,497 |
| Average Home Value | $392,124 |
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
Date | Event | Price |
|---|---|---|
| 2025-04-14 | Sold | $635,000 |
| 2025-02-06 | Listed for sale | $599,000 |
| 2025-02-04 | Listing removed | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-09 | $6245.00 | 3.10% | $340,300 | N/A |
| 2023-09-09 | $6057.00 | N/A | $340,300 | N/A |
| 2022-09-09 | $6057.00 | 10.25% | $340,300 | 52.12% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
