65 Weybosset St APT 314ProvidenceRI02903
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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 Weybosset St APT 314, Providence, RI, 02903 uses $72,897 cash to close to unlock $5,014/yr annual cash flow and $418/mo monthly cash flow. Total monthly income runs $1,853/mo, and a $1,076/mo payment keeps the spread at $418/mo. Purchase price stands at $219,900, and rental yield measures 10.11% with $1,853/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 140.16% and total cumulative return in cash records $102,172. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,853/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1829
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02903, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,210 (100%) |
| Owner Occupied HU | 849 (11.8%) |
| Renter Occupied HU | 5,578 (77.4%) |
| Vacant Housing Units | 783 (10.9%) |
| Median Home Value | $506,192 |
| Average Home Value | $509,519 |
Housing Distribution
Address Breakdown
Residential
6,543
Single Family
2,417
Multi-Family
4,126
Businesses
2,221
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Listed by: The Mercurio Group • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1389648