18 Doane StCranstonRI02910
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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 18 Doane St, Cranston, RI, 02910 offers a 8.7% rental yield on a $335,000 purchase with $2,430/mo rent. Total monthly income registers $2,430/mo, and a $1,640/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,914/yr on $111,053 to close, and return on cash invested stands at 22.53% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 117.35% and total cumulative return in cash at $130,316. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,430/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
3,201 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: Laurie Wilkey • Jack Conway & Co Inc.
Mls Name: StateWide MLS RI
Mls ID: #1400996