80-82 Doyle AveProvidenceRI02906
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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 80-82 Doyle Ave, Providence, RI, 02906 uses $287,842 cash to close to unlock $49,548/yr annual cash flow and $4,129/mo monthly cash flow. Total monthly income runs $9,840/mo, and a $4,282/mo payment keeps the spread at $4,129/mo. Purchase price stands at $874,900, and rental yield measures 13.5% with $9,840/mo rent. Return on cash invested shows 37.27% in year one, and 5% annual appreciation builds toward $241,719 over five years. Five-year ROI reaches 196.37% and total cumulative return in cash records $565,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,840/mo property income covering a $4,282/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No 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: Sam Glicksman • Spitz-Weiss, REALTORS
Mls Name: StateWide MLS RI
Mls ID: #1395520