234 Park AveCranstonRI02905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 234 Park Ave, Cranston, RI, 02905 at $425,000 posts ROI 18.51% with from $2,610/mo rent. Total monthly income equals $2,610/mo. Return on cash invested measures 18.51% and rental yield reads 7.37% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 95.78% and total cumulative return in cash totals $134,945. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,610/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
4,051 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02905, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,148 (100%) |
| Owner Occupied HU | 4,556 (44.9%) |
| Renter Occupied HU | 5,031 (49.6%) |
| Vacant Housing Units | 561 ( 5.5%) |
| Median Home Value | $384,429 |
| Average Home Value | $415,921 |
Housing Distribution
Address Breakdown
Residential
8,927
Single Family
8,066
Multi-Family
861
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ted Ngo • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1394780