76 Adelaide AveProvidenceRI02907
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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
Rental property for sale in Providence at 76 Adelaide Ave, Providence, RI, 02907 offers $1,573/mo rent that, after a $1,087/mo payment, leaves $123/mo cash flow. Total monthly income is $1,573/mo, and annual cash flow is $1,481/yr on $73,593 cash. Return on cash invested measures 21.92% in year one, and rental yield stands at 8.5% at a $222,000 entry. Equity gained on principal adds $1,433/yr while 5% annual appreciation compounds into $61,335 by year five. Five-year ROI records 114.11% and total cumulative return in cash reaches $83,979. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,573/mo property income versus a $1,087/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1876
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02907, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,661 (100%) |
| Owner Occupied HU | 2,961 (27.8%) |
| Renter Occupied HU | 7,081 (66.4%) |
| Vacant Housing Units | 619 ( 5.8%) |
| Median Home Value | $351,850 |
| Average Home Value | $403,428 |
Housing Distribution
Address Breakdown
Residential
8,964
Single Family
7,561
Multi-Family
1,403
Businesses
1,034
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Listed by: Jason Smith • JDS Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1387532