315 Scituate Ave #CCranstonRI02921
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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 315 Scituate Ave #C, Cranston, RI, 02921 uses $114,368 cash to close to unlock $3,318/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $2,779/mo, and a $1,689/mo payment keeps the spread at $277/mo. Purchase price stands at $345,000, and rental yield measures 9.67% with $2,779/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 119.81% and total cumulative return in cash records $137,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,779/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
$250 monthly 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: Christopher Howard • Salt Marsh Realty Group
Mls Name: MLS PIN
Mls ID: #73371794
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