12 Harbour TerCranstonRI02905
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
Investment property for sale in Cranston at 12 Harbour Ter, Cranston, RI, 02905 listed at $599,000 pairs $2,177/mo rent with a $2,932/mo payment. Total monthly income runs $2,177/mo. Return on cash invested measures 9.51% in year one, and rental yield registers 4.36% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 47.47% and total cumulative return in cash totals $93,550. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,177/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
5,715 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Dacey • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1401141