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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 1448 Plainfield Pike, Cranston, RI, 02920 generates $2,435/mo in rent and, after a $1,762/mo payment, leaves $69/mo in cash flow. Total monthly income is $2,435/mo, and annual cash flow is $831/yr on $119,307 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 8.12% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 107.1% and total cumulative return in cash sums $127,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,435/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,589 sqft 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 |
|---|---|---|
| 2025-12-01 | Price change | $359,900 |
| 2025-10-30 | Price change | $374,900 |
| 2020-09-23 | Price change | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-02 | $5444.00 | 43.72% | $400,000 | 99.60% |
| 2023-12-02 | $3788.00 | 2.13% | $200,400 | N/A |
| 2022-12-02 | $3709.00 | 2.83% | $200,400 | N/A |
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11597343
