9 Octavia StProvidenceRI02909
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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 9 Octavia St, Providence, RI, 02909 priced at $524,900 converts $3,029/mo rent into after a $2,569/mo obligation. Total monthly income equals $3,029/mo. Return on cash invested prints 17.3% in year one, and rental yield reads 6.92% against a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,020 by year five. Five-year ROI reaches 89.26% and total cumulative return in cash sums $154,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,029/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Multi Family
Built in 1928
4,961 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: The Realpro Group • REALPRO by The Water
Mls Name: StateWide MLS RI
Mls ID: #1387972