8 Pine Grove StEast ProvidenceRI02916
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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 East Providence at 8 Pine Grove St, East Providence, RI, 02916 generates $2,905/mo in rent and, after a $2,045/mo payment, leaves $177/mo in cash flow. Total monthly income is $2,905/mo, and annual cash flow is $2,129/yr on $138,534 invested. Return on cash invested sits at 21.45% in year one, and rental yield is 8.34% on a $417,900 entry. Equity gained on principal adds $2,697/yr, while 5% annual appreciation builds toward $115,458 over five years. Five-year ROI reaches 111.55% and total cumulative return in cash sums $154,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,905/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
4,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02916, Rumford, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,061 (100%) |
| Owner Occupied HU | 2,688 (66.2%) |
| Renter Occupied HU | 1,222 (30.1%) |
| Vacant Housing Units | 151 ( 3.7%) |
| Median Home Value | $430,359 |
| Average Home Value | $452,640 |
Housing Distribution
Address Breakdown
Residential
3,918
Single Family
3,305
Multi-Family
613
Businesses
370
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Listed by: Ariel Marthens • Coastal Properties Group
Mls Name: StateWide MLS RI
Mls ID: #1392302