1212 Phenix AveCranstonRI02921
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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 1212 Phenix Ave, Cranston, RI, 02921 offers a 9.61% rental yield on a $549,890 purchase with $4,405/mo rent. Total monthly income registers $4,405/mo, and a $2,691/mo payment leaves $816/mo available for distribution. Annual cash flow reaches $9,790/yr on $180,914 to close, and return on cash invested stands at 25.47% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,924 over five years. Portfolio math shows five-year ROI at 133.08% and total cumulative return in cash at $240,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,405/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02921, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,758 (100%) |
| Owner Occupied HU | 4,193 (88.1%) |
| Renter Occupied HU | 479 (10.1%) |
| Vacant Housing Units | 86 ( 1.8%) |
| Median Home Value | $568,090 |
| Average Home Value | $590,916 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,634
Multi-Family
170
Businesses
243
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Listed by: Peter Aiello • C.D. Puleo Realty, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1393220