219 Lowell Ave · Providence, RI 02909

$369,900

4 bd · 1.0 ba · 1,351 sqft · SingleFamily public records · 25 Days on market

Built 1930 4,792 sqft lot $274/sqft · 13% below area Est $453k · 18% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +11.7/30.0
• Livability +4.2/5.0
• DSCR +3.4/10.0
• Rent growth +3.4/5.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautifully updated single-family home offering the perfect blend of modern finishes and functional living. Completely renovated from top to bottom, this turnkey property features a brand new kitchen with modern cabinetry, quartz countertops, and stainless steel appliances, an updated bathroom with stylish tile finishes, new flooring throughout, fresh interior and exterior updates, and a new roof. Enjoy a spacious 4-bedroom layout with bright, open living spaces filled with natural light, plus a new asphalt driveway to be completed this month. Perfect for first-time buyers, growing families, or anyone seeking a low-maintenance, move-in ready home. Conveniently located near h

Key facts

• Quartz countertops
• New flooring
• Updated kitchen

Tags

• UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOM
• NEW FLOORING
• NEW ROOF

Property features AI

Finance

• HOA & community: Quarterly association fees

Exterior

• Parking: Five covered parking spaces; No garage
• Utilities: 200+ amp electrical service; Public water; Public sewer
• Home design: 2-story property; Above-grade finished living area plus additional finished space below grade
• Construction: Drywall interior; Aluminum siding; Vinyl siding
• Exterior features: Located near highways, schools, and recreation areas

Interior

• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Gas heating with baseboard units; Window cooling units
• Interior features: Full, unfinished basement with both interior and exterior entry
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $-112 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $350k (5.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $280k (24.4% below list).
• Recommended offer: $280k (24.4% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.0% in Providence — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#2 in RI, #794 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: employment C-.
• Providence (urban): math 8% / reading 16% proficiency, ranked #34 of 39 in RI (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: George J. West El. School (math 7% / reading 13%, grade F, #148 of 167 statewide, top 90%, 601 students, 84% FRL); Nathanael Greene Middle (math 10% / reading 23%, grade F, #37 of 57 statewide, top 64%, 808 students, 85% FRL); Central High School (math 2% / reading 12%, grade F, #53 of 58 statewide, top 96%, 1,302 students, 87% FRL).
• Market conditions: Rents rising (+3.7%/yr); 133 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 776 units permitted in Providence County in 2024 (229 in 5+ unit buildings).
• At $2,796/mo this rent would consume 52% of the median local household income ($65k/yr) (locally 2000% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Providence County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($364k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $260k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 71% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $279,606 (24.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.76% ✗
• Cap rate: 5.93%
• Cash-on-cash: -1.29%
• DSCR: 0.94
• GRM: 11.0

CMA / ARV

• ARV (median comp): $453,193
• List price: $369,900
• Delta: -18.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
55 Paolino St	0.64mi	3/1.5 (-1)	1,528 (+13%)	22mo	$425,000	$278	23

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.68% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.37×
• Total profit: $-65,220
• Equity at exit: $55,153

10-year hold

• IRR: -8.8%
• Equity multiple: 0.44×
• Total profit: $-58,344
• Equity at exit: $31,982

Cash invested: $103,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 31 Tenant-Leaning
• State Rhode Island: 31 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

30-day notice; strong tenant protections.

Methodology + full state rankings →

ZIP-level market 02909

• Home prices YoY: -13.3%
• Rents YoY: 3.7%
• Active inventory: 133
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,796 high
• Mortgage (P&I): −$1,940
• Tax from tax record: −$226 /mo · $2,718/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$587
• Net cashflow: $-112

Break-even live

Break-even rent $2,937

Max offer price $350,197

Occupancy floor 99%

Sensitivity live

Price	-10% $98	-5% $-7	+0% $-112	+5% $-216	+10% $-321
Rent	-10% $-332	-5% $-222	+0% $-112	+5% $-1	+10% $109
Rate	-1.0pp $75	-0.5pp $-17	base $-112	+0.5pp $-207	+1.0pp $-305

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $92,475
• Closing costs: $11,097
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29 Dunford St Unit 2 Providence, RI	3.0	2.0	1116	$2,400	$2.15	25d	1	0.50mi
1035 Atwells Ave Unit 2 Providence, RI	4.0	2.0	1300	$2,950	$2.27	25d	1	0.80mi
216 Maplewood Ave Cranston, RI	3.0	1.5	1850	$2,200	$1.19	45d	1	0.95mi
610 Killingly St #1 Johnston, RI	4.0	2.0	1800	$2,850	$1.58	16d	1	1.13mi
8 Anthony Ave Unit 1 Providence, RI	3.0	2.0	1400	$2,800	$2.00	16d	1	1.47mi

Listing history 9 events

1. 2026-06-08
   statusdays on market $369,900 Pending 25 DOM
2. 2026-06-07
   days on market $369,900 Active 24 DOM
3. 2026-06-05
   days on market $369,900 Active 21 DOM
4. 2026-06-03
   days on market $369,900 Active 20 DOM
5. 2026-06-02
   days on market $369,900 Active 19 DOM
6. 2026-06-01
   days on market $369,900 Active 18 DOM
7. 2026-05-31
   days on market $369,900 Active 17 DOM
8. 2026-05-14
   listed $369,900 Active 804-char remark
9. 2026-02-20
   soldstatus $260,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast RI · Partial reset (capped growth)

• Current annual tax: $2,718 · $226/mo
• Projected year-2 tax: $4,374 · $364/mo
• Expected delta: +$1,656/yr (+$138/mo · 60.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 71% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,553
• − Mortgage interest: −$20,720
• − Property taxes: −$2,718
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,684
• − Management: −$2,684
• − Depreciation: −$10,761
• Taxable loss: −$7,864
• Est. tax savings @ 24.0%: +$1,887
• After-tax cash flow: $549/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Providence
• NCES district ID: 4400900
• Math proficiency: 8% ▼ -4.00%
• Reading proficiency: 16% ▼ -2.00%
• Median HH income: $38,197
• Composite: 10.12/100
• National rank: #9803
• State rank: #34 of 39 in RI

Livability — Providence

• Score: 84/100
• State rank: #2
• US rank: #794

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C+ Employment C- Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Providence, RI
• County: Providence County · 548,917 people
• City population: 212,734
• Metro: Providence-Warwick, RI-MA
• Population (ZIP): 46,014
• Household income: $64,649
• Rent vs Own: 60.2% rent · 39.8% own
• Severe rent burden: 2000.0

Population outlook (Providence County) Hauer SSP2

• Today (2025): 653,469 people
• By 2030: 660,819 · +1.1%
• By 2040: 672,747 · +3.0%
• By 2050: 683,741 · +4.6%
• By 2075: 720,435 · +10.2%
• By 2100: 741,582 · +13.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 60% Two or more races 23% White 22% Black 12% Asian 2% Native American 2%
• Hispanic origin (detail): Puerto Rican 12% Dominican 23%
• Common ancestry: Lithuanian 2% Russian 1% Romanian 1%
• Foreign-born: 35% · Canada, Jamaica
• Languages at home: 43% English-only · Spanish 50% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Providence

• 2024 margin: D (+14.4) · D 56.1% · R 41.7% · Other 2.2%
• 2008→2024 swing: -20.0pp toward R · 2008: 34.4pp · 2024: 14.4pp
• All cycles: 2024: D+14.4 2020: D+22.9 2016: D+21.2 2012: D+34.9 2008: D+34.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.78%
• Current HPI: 474.9956
• Rent YoY: ▲ 3.68%
• Metro: Providence-Warwick, RI-MA
• State GDP YoY: ▲ 2.25%
• F500 in state: 10

Industry mix (Fortune 500 HQ in RI)

Industry	F500 HQs	Revenue
▸Healthcare	1	$373B
▸Food Distribution	1	$31B
▸Aerospace / Defense	1	$14B
▸Financial Services	1	$8B
▸Consumer Goods	1	$4B

Price history

+42.3% since first listed

3 events — show timeline

• 2026-06-08 Pending — RIS
• 2026-05-14 Listed $369,900 RIS
• 2026-02-20 Sold (Public Records) $260,000 Public Records

Property tax history

-2.3%/yr

Latest (2025): $2,718 · -33.9% YoY. Source: county tax records.