128 Elsie StCranstonRI02910
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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 128 Elsie St, Cranston, RI, 02910 offers $3,400/mo rent that, after a $2,178/mo payment, leaves $495/mo cash flow. Total monthly income is $3,400/mo, and annual cash flow is $5,942/yr on $147,518 cash. Return on cash invested measures 23.94% in year one, and rental yield stands at 9.17% at a $445,000 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 124.91% and total cumulative return in cash reaches $184,268. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,400/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
4,791 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: Zachary Kheradi • Redfin Corporation
Mls Name: StateWide MLS RI
Mls ID: #1402549