161 Holland St APT 302CranstonRI02920
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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
Investment property for sale in Cranston at 161 Holland St APT 302, Cranston, RI, 02920 uses $122,324 cash to close to unlock $15,208/yr annual cash flow and $1,267/mo monthly cash flow. Total monthly income runs $3,676/mo, and a $1,806/mo payment keeps the spread at $1,267/mo. Purchase price stands at $369,000, and rental yield measures 11.95% with $3,676/mo rent. Return on cash invested shows 32.34% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 169.98% and total cumulative return in cash records $207,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,676/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
15,140
Single Family
13,484
Multi-Family
1,656
Businesses
1,690
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Listed by: Lindsay Pettinelli • Churchill & Banks Co., LLC
Mls Name: StateWide MLS RI
Mls ID: #1398544