300 Northup StCranstonRI02905
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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
Investment property for sale in Cranston at 300 Northup St, Cranston, RI, 02905 earns $119/mo cash flow from $2,469/mo rent with a $1,762/mo payment. Total monthly income totals $2,469/mo, and annual cash flow totals $1,428/yr on $119,340 capital. ROI tracks 21.11% on current figures, and rental yield reads 8.23% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 109.68% and total cumulative return in cash sums $130,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,469/mo property income instead of your personal income.
Single Family
Built in 1920
2,639 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
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Listed by: Beth DeSista • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1395507