234 Beckwith 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
Rental property for sale in Cranston at 234 Beckwith St, Cranston, RI, 02910 offers $2,584/mo rent that, after a $1,933/mo payment, leaves $6/mo cash flow. Total monthly income is $2,584/mo, and annual cash flow is $70/yr on $130,943 cash. Return on cash invested measures 19.96% in year one, and rental yield stands at 7.85% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 103.56% and total cumulative return in cash reaches $135,606. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,584/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
3,998 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: Andrew Hogan • RE/MAX Results
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370428
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 2024 State-Wide MLS, Inc. All rights reserved.