56 Irving AveEast 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
Investment property for sale in East Providence at 56 Irving Ave, East Providence, RI, 02914 with 5% annual appreciation on a $499,000 basis while $3,674/mo rent supports operations. Total monthly income totals $3,674/mo and a $2,442/mo payment preserves $417/mo for cash returns. Annual cash flow comes to $5,004/yr on $165,419 deployed, and return on cash invested reaches 22.93% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 8.84%. Five-year ROI measures 119.5% and total cumulative return in cash totals $197,670.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,674/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
4,791 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: Zhongyuan Williams • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1399317