72 Manning St APT 3, Providence, RI, 02906 | 4.9% Rental Yield

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72 Manning St APT 3, Providence, RI, 02906 | 4.9% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Providence at 72 Manning St APT 3, Providence, RI, 02906 generates $3,000/mo in rent, after a $3,597/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 11.14% in year one, and rental yield is 4.9% on a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 56.24% and total cumulative return in cash sums $135,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.

Townhouse

Built in 1929

0.65 Acres lot

$N/A/sqft

No HOA

More details about the property

Situated in College Hill on a 3/4 acre corner lot with mature landscaping, 72 Manning Street (circa 1929) is an elegant former mansion comprising 5 units. Head up the cobblestone driveway (access via Governor Street) to the private entrance of Unit 3 and step into a welcoming foyer leading to the sunfilled open living space featuring custom built cabinetry and shelving. A decorator designed kitchen also with custom cabinets maximizes storage and work space. The spacious primary bedroom with generous closet space adjoins an en suite bath with laundry. Completing this level is a second bedroom or office and a full bath. Freshly painted with gleaming floors this chic unit is move in ready. Centrally located it is a short stroll to restaurants, markets, local shops, Brown, RISD and India Point waterfront park. Enjoy all that city living offers or take a break on the communal bench under the shade of a magnificent historic beech tree. 2 car assigned parking (contact agent to utilize or park on street) and pets are welcome too!

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