55 Homer StProvidenceRI02905
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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
Investment property for sale in Providence at 55 Homer St, Providence, RI, 02905 earns $314/mo cash flow from $3,056/mo rent with a $2,056/mo payment. Total monthly income totals $3,056/mo, and annual cash flow totals $3,768/yr on $139,230 capital. ROI tracks 22.62% on current figures, and rental yield reads 8.73% at a $420,000 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 over five years. Five-year ROI reaches 117.79% and total cumulative return in cash sums $163,999. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,056/mo property income instead of your personal income.
Single Family
Built in 1930
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
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Listed by: Juan Lopera Martinez • eXp Realty
Mls Name: StateWide MLS RI
Mls ID: #1403449