76 Pitman St #4ProvidenceRI02906
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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 76 Pitman St #4, Providence, RI, 02906 at $304,900 posts ROI 22.14% with $188/mo cash flow from $2,521/mo rent. Total monthly income equals $2,521/mo, and annual cash flow records $2,256/yr on $101,074 to close. Return on cash invested measures 22.14% and rental yield reads 9.92% at the current $304,900. Equity gained on principal adds $1,967/yr, and 5% annual appreciation supports $84,238 by year five. Five-year ROI prints 116.72% and total cumulative return in cash totals $117,974.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,521/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1845
N/A lot
$N/A/sqft
$343 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,798
Single Family
9,618
Multi-Family
2,180
Businesses
942
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Listed by: Kenneth A Mongeon • eXp Realty
Mls Name: MLS PIN
Mls ID: #73241367
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