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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Cranston, RI
Fix & Flip
Rental Income
$ 595,000
ROI
20.7
Cash Flow/m
111- 4 Bed
- 4 Bath
- 2405 sft
1609 Elmwood Ave, Cranston, RI, 02910
$ 519,900
ROI
24.3Cash Flow/m
601- 4 Bed
- 2 Bath
- 1972 sft
17 Forest Ave, Cranston, RI, 02910
$ 529,000
ROI
22.7Cash Flow/m
387- 4 Bed
- 2 Bath
- 2234 sft
50 Pendleton St, Cranston, RI, 02920
$ 275,000
ROI
28.1Cash Flow/m
642- 4 Bed
- 3 Bath
- 3042 sft
5 Washington Ave, Cranston, RI, 02920
Why Invest in Cranston, Rhode Island?
Investing in multifamily properties in Cranston, RI, offers strong potential for returns. With properties generating an average rental yield of 7% and cap rates around 6%, investors can expect solid cash flow opportunities in this favorable market. The city's appreciation rate is also promising, underlining its potential as a burgeoning rental market.
10%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$1500/mo
Avg. Cash Flow
$2000/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
Multifamily properties in Cranston offer investors diverse opportunities for income generation due to steady rental demand and reasonable cap rates. The city's consistent rental growth and positive appreciation trends make it a wise investment choice.
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