273 Main StCranstonRI02921
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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 273 Main St, Cranston, RI, 02921 generates $3,424/mo in rent and, after a $2,153/mo payment, leaves $553/mo in cash flow. Total monthly income is $3,424/mo, and annual cash flow is $6,630/yr on $145,827 invested. Return on cash invested sits at 24.46% in year one, and rental yield is 9.34% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 127.67% and total cumulative return in cash sums $186,183. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,424/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02921, Cranston, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,634
Multi-Family
170
Businesses
243
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Listed by: Caitlin Clement • Coast to Country Realty
Mls Name: StateWide MLS RI
Mls ID: #1402822