2 Honeysuckle DrCranstonRI02921
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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 2 Honeysuckle Dr, Cranston, RI, 02921 with 5% annual appreciation on a $549,900 basis while $4,548/mo rent supports operations. Total monthly income totals $4,548/mo and a $2,691/mo payment preserves $959/mo for cash returns. Annual cash flow comes to $11,506/yr on $180,917 deployed, and return on cash invested reaches 26.42% in year one. Equity gained on principal adds $3,548/yr, and five-year appreciation sums $151,927 alongside rental yield of 9.92%. Five-year ROI measures 138.16% and total cumulative return in cash totals $249,962.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,548/mo property income versus a $2,691/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02921, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,758 (100%) |
| Owner Occupied HU | 4,193 (88.1%) |
| Renter Occupied HU | 479 (10.1%) |
| Vacant Housing Units | 86 ( 1.8%) |
| Median Home Value | $568,090 |
| Average Home Value | $590,916 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,634
Multi-Family
170
Businesses
243
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Listed by: W. George Buteau • Engel & Volkers Oceanside
Mls Name: StateWide MLS RI
Mls ID: #1393755