559 Branch AveProvidenceRI02904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Providence at 559 Branch Ave, Providence, RI, 02904 priced at $499,000 pairs $2,276/mo rent with after a $2,442/mo payment. Total monthly income equals $2,276/mo. Return on cash invested is 12.79% in year one, and rental yield stands at 5.47% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 65.11% and total cumulative return in cash reaches $107,706. For financing, Ziffy Mortgage’s DSCR program evaluates $2,276/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
3,079 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Hiraldo Group • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1403258