65 Evergreen St #2ProvidenceRI02906
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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 Providence at 65 Evergreen St #2, Providence, RI, 02906 with 5% annual appreciation on a $384,900 basis while $3,264/mo rent supports operations. Total monthly income totals $3,264/mo and a $1,884/mo payment preserves $740/mo for cash returns. Annual cash flow comes to $8,885/yr on $127,594 deployed, and return on cash invested reaches 26.87% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,341 alongside rental yield of 10.18%. Five-year ROI measures 140.68% and total cumulative return in cash totals $179,499.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,264/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in 1880
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02906, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,287 (100%) |
| Owner Occupied HU | 5,790 (43.6%) |
| Renter Occupied HU | 6,560 (49.4%) |
| Vacant Housing Units | 937 ( 7.1%) |
| Median Home Value | $637,643 |
| Average Home Value | $693,669 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A