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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in North Providence at 7 Morrill Ln APT 4, North Providence, RI, 02904 earns $341/mo cash flow from $2,612/mo rent with a $1,419/mo payment. Total monthly income totals $2,612/mo, and annual cash flow totals $4,088/yr on $96,102 capital. ROI tracks 24.16% on current figures, and rental yield reads 10.81% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 127.81% and total cumulative return in cash sums $122,829. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,612/mo property income instead of your personal income.
Townhouse
Built in 1991
N/A lot
$N/A/sqft
$375 monthly HOA
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
| 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 |
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Listed for sale | $289,900 |
| 2024-12-10 | Sold | $272,000 |
| 2024-12-04 | Pending sale | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $4279.00 | 10.68% | $257,600 | 51.98% |
| 2023-07-23 | $3866.00 | N/A | $169,500 | N/A |
| 2022-07-23 | $3866.00 | N/A | $169,500 | N/A |
Listed by: Ann Hall • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1390139
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
