Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 200 Hoffman Ave APT 106, Cranston, RI, 02920 generates $2,440/mo in rent, after a $1,859/mo payment. Total monthly income is $2,440/mo. Return on cash invested sits at 16.45% in year one, and rental yield is 7.71% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 85.84% and total cumulative return in cash sums $108,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,440/mo property income rather than buyer’s personal income.
Condo
Built in 1976
1.90 Acres lot
$N/A/sqft
$324 monthly 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 |
|---|---|---|
| 2025-04-04 | Listed for sale | $379,900 |
| 2016-09-14 | Sold | $169,995 |
| 2016-07-22 | Pending sale | $169,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $3801.00 | -14.53% | $279,300 | 18.70% |
| 2023-04-30 | $4447.00 | 2.11% | $235,300 | N/A |
| 2022-04-30 | $4355.00 | 8.15% | $235,300 | 5.19% |
Listed by: Mary Carocci • RE/MAX FLAGSHIP, INC.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381746
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
