89 Plymouth RdEast ProvidenceRI02914
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 89 Plymouth Rd, East Providence, RI, 02914 in East Providence is a conservative rental investment at $649,500. Rental yield 7.47%. A 1.38 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $179,445; $5,982/yr in principal paydown supplements. Total projected return: $234,507.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 8.0% |
| Monthly Cash Flow | $(198) | $1,800 |
City averages based on East Providence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,042 |
| Total Monthly Debt Service | $3,981 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1966
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1966
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jimmy Andrade • The Mello Group, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1394910