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 244 Summer St, Cranston, RI, 02910 priced at $399,000 converts $2,340/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,340/mo. Return on cash invested prints 17.51% in year one, and rental yield reads 7.04% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 90.43% and total cumulative return in cash sums $119,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1941
3,497 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02910, Cranston, RI area.
| 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 |
Residential
8,771
Single Family
8,537
Multi-Family
234
Businesses
999
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $399,000 |
| 2022-05-09 | Sold | $345,000 |
| 2022-04-01 | Pending sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $4521.00 | 2.66% | $332,200 | 42.58% |
| 2023-04-29 | $4404.00 | 10.40% | $233,000 | 8.12% |
| 2022-04-29 | $3989.00 | 2.84% | $215,500 | N/A |
Listed by: Sabine Green • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1382602
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.
