164 Norwood AveCranstonRI02905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 164 Norwood Ave, Cranston, RI, 02905 priced at $434,800 converts $3,338/mo rent into $500/mo cash flow after a $2,128/mo obligation. Total monthly income equals $3,338/mo, and annual cash flow totals $5,998/yr on $144,136 invested. Return on cash invested prints 24.07% in year one, and rental yield reads 9.21% against a $434,800 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation compiles into $120,127 by year five. Five-year ROI reaches 125.6% and total cumulative return in cash sums $181,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,338/mo property income covering a $2,128/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A