56 Greenwich StProvidenceRI02907
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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 Providence at 56 Greenwich St, Providence, RI, 02907 offers $4,010/mo rent that, after a $3,607/mo payment. Total monthly income is $4,010/mo. Return on cash invested measures 16.1% in year one, and rental yield stands at 6.53% at a $737,000 entry. Equity gained on principal adds $4,756/yr while 5% annual appreciation compounds into $203,620 by year five. Five-year ROI records 82.83% and total cumulative return in cash reaches $200,836. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,010/mo property income versus a $3,607/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02907, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,661 (100%) |
| Owner Occupied HU | 2,961 (27.8%) |
| Renter Occupied HU | 7,081 (66.4%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $351,850 |
| Average Home Value | $403,428 |
Housing Distribution
Address Breakdown
Residential
8,964
Single Family
7,561
Multi-Family
1,403
Businesses
1,034
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Listed by: Emmanuel Correa • Century 21 Visionary Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384362
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 2025 State-Wide MLS, Inc. All rights reserved.