31 Myrtle AveCranstonRI02910
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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 31 Myrtle Ave, Cranston, RI, 02910 uses $124,279 cash to close to unlock $11,216/yr annual cash flow and $935/mo monthly cash flow. Total monthly income runs $3,382/mo, and a $1,835/mo payment keeps the spread at $935/mo. Purchase price stands at $374,900, and rental yield measures 10.83% with $3,382/mo rent. Return on cash invested shows 28.93% in year one, and 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 151.69% and total cumulative return in cash records $188,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,382/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1929
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02910, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,132 (100%) |
| Owner Occupied HU | 5,914 (64.8%) |
| Renter Occupied HU | 2,888 (31.6%) |
| Vacant Housing Units | 330 ( 3.6%) |
| Median Home Value | $357,670 |
| Average Home Value | $384,889 |
Housing Distribution
Address Breakdown
Residential
8,771
Single Family
8,537
Multi-Family
234
Businesses
999
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Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11556920