1320-1322 Elmwood AveCranstonRI02910
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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 1320-1322 Elmwood Ave, Cranston, RI, 02910 generates $2,687/mo in rent, after a $3,964/mo payment. Total monthly income is $2,687/mo. Return on cash invested sits at 8.35% in year one, and rental yield is 3.98% on a $809,900 entry. Equity gained on principal adds $5,226/yr, while 5% annual appreciation builds toward $223,760 over five years. Five-year ROI reaches 41.29% and total cumulative return in cash sums $110,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,687/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
4,787 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: Jose Duce Rocher • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1401456