70 Bowdoin StProvidenceRI02909
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
Rental property for sale in Providence at 70 Bowdoin St, Providence, RI, 02909 priced at $599,900 pairs $2,174/mo rent with after a $2,936/mo payment. Total monthly income equals $2,174/mo. Return on cash invested is 9.47% in year one, and rental yield stands at 4.35% on a $599,900 basis. Equity gained on principal adds $3,871/yr, and 5% annual appreciation accumulates to $165,741 by year five. Five-year ROI measures 47.29% and total cumulative return in cash reaches $93,340. For financing, Ziffy Mortgage’s DSCR program evaluates $2,174/mo property income against a $2,936/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
2,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Qing Lu Zhu • Coastline Realty LLC
Mls Name: StateWide MLS RI
Mls ID: #1398387