23 Pengrove StCranstonRI02920
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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 23 Pengrove St, Cranston, RI, 02920 with 5% annual appreciation on a $379,900 basis while $2,341/mo rent supports operations. 59% in year one. Equity gained on principal adds $2,451/yr, and five-year appreciation sums $104,959 alongside rental yield of 7.39%. Five-year ROI measures 96.22% and total cumulative return in cash totals $121,181. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,341/mo property income versus a $1,859/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
5,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,140
Single Family
13,484
Multi-Family
1,656
Businesses
1,690
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Listed by: Michael Pinelli • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383530
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.