3 Sweet Pea DrCranstonRI02921
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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 3 Sweet Pea Dr, Cranston, RI, 02921 generates $3,704/mo in rent, after a $2,814/mo payment. Total monthly income is $3,704/mo. Return on cash invested sits at 19.75% in year one, and rental yield is 7.73% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 102.39% and total cumulative return in cash sums $193,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,704/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A 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: Gary Grande • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1393834