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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cranston at 2202 Scituate Ave, Cranston, RI, 02921 offers a 2.36% rental yield on a $1,100,000 purchase with $2,160/mo rent. 47% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 15.03% and total cumulative return in cash at $53,563. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7.73 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02921, Cranston, RI area.
| 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 |
Residential
4,804
Single Family
4,634
Multi-Family
170
Businesses
243
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robert Bohlen • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls ID: #1377234
