775 Potters Ave UNIT 3ProvidenceRI02907
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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 775 Potters Ave UNIT 3, Providence, RI, 02907 generates $1,778/mo in rent and, after a $1,223/mo payment, leaves $147/mo in cash flow. Total monthly income is $1,778/mo, and annual cash flow is $1,762/yr on $82,842 invested. Return on cash invested sits at 22.04% in year one, and rental yield is 8.54% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 114.68% and total cumulative return in cash sums $95,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,778/mo property income rather than buyer’s personal income.
Condo
Built in 1922
N/A 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: Mark Mello • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1402821