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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cranston at 132 Fordson Ave APT 2, Cranston, RI, 02910 generates $1,981/mo in rent and, after a $1,125/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,981/mo, and annual cash flow is $1,746/yr on $76,212 invested. Return on cash invested sits at 22.2% in year one, and rental yield is 10.34% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 117.49% and total cumulative return in cash sums $89,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,981/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$335 monthly HOA
Neighborhood data shown for ZIP Code: 02910, Cranston, RI area.
| 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 |
Residential
8,771
Single Family
8,537
Multi-Family
234
Businesses
999
Date | Event | Price |
|---|---|---|
| 2025-02-04 | Listed for sale | $229,900 |
| 2015-05-01 | Listing removed | $1,300 |
| 2015-03-31 | Listed for rent | $1,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $2790.00 | 13.55% | $205,000 | 57.69% |
| 2023-02-19 | $2457.00 | 2.12% | $130,000 | N/A |
| 2022-02-19 | $2406.00 | 2.82% | $130,000 | N/A |
Listed by: Richard Perelman • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377321
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
