99 Almy St #2ProvidenceRI02909
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
Investment Highlights
Rental property for sale in Providence at 99 Almy St #2, Providence, RI, 02909 generates $2,622/mo in rent, after a $1,960/mo payment. Total monthly income is $2,622/mo. Return on cash invested sits at 17.12% in year one, and rental yield is 7.86% on a $400,500 entry. Equity gained on principal adds $2,584/yr, while 5% annual appreciation builds toward $110,651 over five years. Five-year ROI reaches 89.39% and total cumulative return in cash sums $118,673. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,622/mo property income rather than buyer’s personal income.
Condo
Built in 1890
8,176 sqft lot
$N/A/sqft
$304 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Jodie Jordan Group • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384092
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.