96 Gano St APT 3, Providence, RI, 02906 | $269/mo Cash Flow

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96 Gano St APT 3, Providence, RI, 02906 | $269/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Providence at 96 Gano St APT 3, Providence, RI, 02906 listed at $199,900 pairs $1,573/mo rent with a $978/mo payment to leave $269/mo cash flow. Total monthly income runs $1,573/mo, and annual cash flow reaches $3,222/yr on $66,267 cash to close. Return on cash invested measures 24.77% in year one, and rental yield registers 9.44% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 129.39% and total cumulative return in cash totals $85,741. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,573/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1930

N/A lot

$N/A/sqft

No HOA

More details about the property

This modern 1 bedroom condo is in an unbeatable location! Situated in the highly walkable East side of Providence, this condo is close to many stores, cafes, restaurants, vintage boutiques, record stores, and art galleries. It is also close to Brown University, RISD, Downtown Providence and East bay bike path. This unit has been recently renovated and unlike the other units in this building, it offers laundry in unit. Hardwoods throughout, modern kitchen with granite and it comes with deeded parking. Close to major highways, bus stops and train stations.

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