61 6th StEast 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
Rental property for sale in East Providence at 61 6th St, East Providence, RI, 02914 generates $3,136/mo in rent and, after a $1,957/mo payment, leaves $526/mo in cash flow. Total monthly income is $3,136/mo, and annual cash flow is $6,310/yr on $132,567 invested. Return on cash invested sits at 24.67% in year one, and rental yield is 9.41% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 128.81% and total cumulative return in cash sums $170,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,136/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
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: Tyler Cote • Cote Partners Realty LLC
Mls Name: StateWide MLS RI
Mls ID: #1390267