1232 Narragansett BlvdCranstonRI02905
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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
Rental property for sale in Cranston at 1232 Narragansett Blvd, Cranston, RI, 02905 generates $3,966/mo in rent, after a $4,038/mo payment. Total monthly income is $3,966/mo. Return on cash invested sits at 13.78% in year one, and rental yield is 5.77% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 70.41% and total cumulative return in cash sums $191,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,966/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
2,613 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
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Listed by: Linda Padula • Smith and Oak Real Estate Co.
Mls Name: StateWide MLS RI
Mls ID: #1402933