56 Hall StProvidenceRI02904
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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 56 Hall St, Providence, RI, 02904 listed at $584,100 pairs $2,557/mo rent with a $2,859/mo payment. Total monthly income runs $2,557/mo. Return on cash invested measures 12.22% in year one, and rental yield registers 5.25% at a $584,100 basis. Equity gained on principal adds $3,769/yr, and annual property appreciation at 5% supports $161,376 by year five. Five-year ROI tracks 62% and total cumulative return in cash totals $119,136. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,557/mo property income relative to a $2,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
6,534 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
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Listed by: N/A • N/A
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