60 Whittier AveProvidenceRI02909
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 60 Whittier Ave, Providence, RI, 02909 offers $5,040/mo rent that, after a $4,146/mo payment. Total monthly income is $5,040/mo. Return on cash invested measures 17.95% in year one, and rental yield stands at 7.14% at a $847,000 entry. Equity gained on principal adds $5,466/yr while 5% annual appreciation compounds into $234,010 by year five. Five-year ROI records 92.77% and total cumulative return in cash reaches $258,508. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,040/mo property income versus a $4,146/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1890
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David White • OwnerEntry.com
Mls Name: StateWide MLS RI
Mls ID: #1393103