593 Broad 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
Total monthly income runs $2,366/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 4.54% with $2,366/mo rent. Return on cash invested shows 10.06% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 50.45% and total cumulative return in cash records $103,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,366/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
4,791 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: Livingston Group • Compass
Mls Name: StateWide MLS RI
Mls ID: #1392122