55 Potter 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 55 Potter St, East Providence, RI, 02914 priced at $529,900 pairs $2,826/mo rent with after a $2,594/mo payment. Total monthly income equals $2,826/mo. Return on cash invested is 15.7% in year one, and rental yield stands at 6.4% on a $529,900 basis. Equity gained on principal adds $3,419/yr, and 5% annual appreciation accumulates to $146,402 by year five. Five-year ROI measures 80.69% and total cumulative return in cash reaches $140,675. For financing, Ziffy Mortgage’s DSCR program evaluates $2,826/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
5,000 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: Bradley Hetherington • Lenox Realty Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370375
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 2024 State-Wide MLS, Inc. All rights reserved.