7 Benefit St #4ProvidenceRI02904
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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 7 Benefit St #4, Providence, RI, 02904 at $719,000 posts ROI 7.73% with from $2,262/mo rent. Total monthly income equals $2,262/mo. Return on cash invested measures 7.73% and rental yield reads 3.78% at the current $719,000. Equity gained on principal adds $4,640/yr, and 5% annual appreciation supports $198,646 by year five. Five-year ROI prints 37.93% and total cumulative return in cash totals $89,717. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,262/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1871
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Rachael Dotson • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1402922