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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% |
Rental property for sale in Cranston at 245 Scituate Ave #C, Cranston, RI, 02921 offers $2,386/mo rent that, after a $1,566/mo payment, leaves $48/mo cash flow. Total monthly income is $2,386/mo, and annual cash flow is $570/yr on $106,047 cash. Return on cash invested measures 20.45% in year one, and rental yield stands at 8.95% at a $319,900 entry. Equity gained on principal adds $2,064/yr while 5% annual appreciation compounds into $88,382 by year five. Five-year ROI records 107.21% and total cumulative return in cash reaches $113,696. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,386/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
6.72 Acres lot
$N/A/sqft
$250 monthly 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 |
|---|---|---|
| 2025-03-26 | Listed for sale | $319,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $3412.00 | 7.60% | $250,700 | 49.40% |
| 2023-04-01 | $3171.00 | 2.09% | $167,800 | N/A |
| 2022-04-01 | $3106.00 | 2.85% | $167,800 | N/A |
Listed by: Caitlin Clement • Coast to Country Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380237
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.
