77 7th StEast ProvidenceRI02914
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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 East Providence at 77 7th St, East Providence, RI, 02914 uses $172,750 cash to close to unlock $4,925/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $3,838/mo, and a $2,570/mo payment keeps the spread at $410/mo. Purchase price stands at $525,077, and rental yield measures 8.77% with $3,838/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $145,069 over five years. Five-year ROI reaches 119.36% and total cumulative return in cash records $206,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,838/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02914, East Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 5,043 (50.6%) |
| Renter Occupied HU | 4,395 (44.1%) |
| Vacant Housing Units | 533 ( 5.3%) |
| Median Home Value | $380,205 |
| Average Home Value | $410,243 |
Housing Distribution
Address Breakdown
Residential
9,329
Single Family
7,745
Multi-Family
1,584
Businesses
946
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Listed by: Andy Goulet • Alltown Real Estate Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381862
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.