132 Hoffman Ave APT 110, Cranston, RI, 02920 | $690/mo Cash Flow

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Price: $300K - 500K

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132 Hoffman Ave APT 110, Cranston, RI, 02920 | $690/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cranston at 132 Hoffman Ave APT 110, Cranston, RI, 02920 uses $76,245 cash to close to unlock $8,284/yr annual cash flow and $690/mo monthly cash flow. Total monthly income runs $2,192/mo, and a $1,126/mo payment keeps the spread at $690/mo. Purchase price stands at $230,000, and rental yield measures 11.44% with $2,192/mo rent. Return on cash invested shows 30.77% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 161.58% and total cumulative return in cash records $123,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,192/mo property income covering a $1,126/mo payment rather than investor’s personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

This meticulously maintained one-bedroom, 1-bathroom condo is perfect for downsizing or a first-time buyer. The unit is located on the first floor with laundry in the unit. It has been freshly painted, new flooring was just installed in the living room and the bedroom. The bedroom has recessed lighting, a ceiling fan, and new barn-style closet doors with automatic lighting. The kitchen has new stainless steel appliances, a garbage disposal, and a pantry closet. With low condo fees that include heat and conveniently located just minutes from Garden City's restaurants, shops, and entertainment, this is a must-see. Call today to schedule a showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,731 (100%)
Owner Occupied HU	9,407 (59.8%)
Renter Occupied HU	5,650 (35.9%)
Vacant Housing Units	674 ( 4.3%)
Median Home Value	$405,632
Average Home Value	$437,567