555 S Main St APT 212ProvidenceRI02903
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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 555 S Main St APT 212, Providence, RI, 02903 listed at $444,000 pairs $2,725/mo rent with a $2,173/mo payment. Total monthly income runs $2,725/mo. Return on cash invested measures 18.5% in year one, and rental yield registers 7.36% at a $444,000 basis. Equity gained on principal adds $2,865/yr, and annual property appreciation at 5% supports $122,669 by year five. Five-year ROI tracks 95.7% and total cumulative return in cash totals $140,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,725/mo property income relative to a $2,173/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1835
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02903, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,210 (100%) |
| Owner Occupied HU | 849 (11.8%) |
| Renter Occupied HU | 5,578 (77.4%) |
| Vacant Housing Units | 783 (10.9%) |
| Median Home Value | $506,192 |
| Average Home Value | $509,519 |
Housing Distribution
Address Breakdown
Residential
6,543
Single Family
2,417
Multi-Family
4,126
Businesses
2,221
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Listed by: Amy Dixon • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1403827