55 Messina StProvidenceRI02908
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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 Messina St, Providence, RI, 02908 earns $474/mo cash flow from $3,835/mo rent with a $2,457/mo payment. Total monthly income totals $3,835/mo, and annual cash flow totals $5,688/yr on $165,158 capital. ROI tracks 23.5% on current figures, and rental yield reads 9.17% at a $502,000 purchase. Equity gained on principal adds $3,239/yr, and 5% annual appreciation supports $138,693 over five years. Five-year ROI reaches 122.75% and total cumulative return in cash sums $202,728. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,835/mo property income instead of your personal income.
Single Family
Built in 2020
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02908, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,721
Single Family
12,304
Multi-Family
1,417
Businesses
743
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