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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% |
Investment property for sale in Cranston at 132 Hoffman Ave APT 202, Cranston, RI, 02920 offers a 8.24% rental yield on a $324,900 purchase with $2,232/mo rent. Total monthly income registers $2,232/mo, and a $1,590/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,336/yr on $107,704 to close, and return on cash invested stands at 21.15% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 109.96% and total cumulative return in cash at $118,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,232/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.
| 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 |
Residential
15,140
Single Family
13,484
Multi-Family
1,656
Businesses
1,690
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dan Mansolillo • Mansolillo & Co.
Mls Name: StateWide MLS RI
Mls ID: #1389067
