274 Montgomery 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
Rental property for sale in Cranston at 274 Montgomery Ave, Cranston, RI, 02905 generates $3,530/mo in rent and, after a $2,080/mo payment, leaves $756/mo in cash flow. Total monthly income is $3,530/mo, and annual cash flow is $9,070/yr on $140,888 invested. Return on cash invested sits at 26.35% in year one, and rental yield is 9.97% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 137.81% and total cumulative return in cash sums $194,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,049 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: Kyle Seyboth • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1400479