649 Public StProvidenceRI02907
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
Investment property for sale in Providence at 649 Public St, Providence, RI, 02907 at $349,000 posts ROI 21.32% with $136/mo cash flow from $2,414/mo rent. Total monthly income equals $2,414/mo, and annual cash flow records $1,632/yr on $115,694 to close. Return on cash invested measures 21.32% and rental yield reads 8.3% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 110.83% and total cumulative return in cash totals $128,220.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,414/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1850
5,662 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: Lissette Guzman • Circle 100 Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1401621