10 Spenstone RdCranstonRI02910
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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
Investment property for sale in Cranston at 10 Spenstone Rd, Cranston, RI, 02910 earns $375/mo cash flow from $3,306/mo rent with a $2,198/mo payment. Total monthly income totals $3,306/mo, and annual cash flow totals $4,496/yr on $148,844 capital. ROI tracks 22.93% on current figures, and rental yield reads 8.84% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 119.48% and total cumulative return in cash sums $177,844. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,306/mo property income instead of your personal income.
Single Family
Built in 1933
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02910, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,132 (100%) |
| Owner Occupied HU | 5,914 (64.8%) |
| Renter Occupied HU | 2,888 (31.6%) |
| Vacant Housing Units | 330 ( 3.6%) |
| Median Home Value | $357,670 |
| Average Home Value | $384,889 |
Housing Distribution
Address Breakdown
Residential
8,771
Single Family
8,537
Multi-Family
234
Businesses
999
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Listed by: John Mahoney • Streetcar Realty
Mls Name: MLS PIN
Mls ID: #73411943