342 Union AveCranstonRI02920
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
Investment property for sale in Cranston at 342 Union Ave, Cranston, RI, 02920 earns from $3,004/mo rent with a $2,981/mo payment. Total monthly income totals $3,004/mo. ROI tracks 14.24% on current figures, and rental yield reads 5.92% at a $609,000 purchase. Equity gained on principal adds $3,930/yr, and 5% annual appreciation supports $168,255 over five years. Five-year ROI reaches 72.87% and total cumulative return in cash sums $146,009. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,004/mo property income instead of your personal income.
Multi Family
Built in 1920
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,731 (100%) |
| Owner Occupied HU | 9,407 (59.8%) |
| Renter Occupied HU | 5,650 (35.9%) |
| Vacant Housing Units | 674 ( 4.3%) |
| Median Home Value | $405,632 |
| Average Home Value | $437,567 |
Housing Distribution
Address Breakdown
Residential
15,140
Single Family
13,484
Multi-Family
1,656
Businesses
1,690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Masiell Luna • My Dream Home Realty
Mls Name: StateWide MLS RI
Mls ID: #1401221