356 Smith 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 356 Smith St, Cranston, RI, 02905 offers a 10.45% rental yield on a $399,999 purchase with $3,484/mo rent. Total monthly income registers $3,484/mo, and a $1,958/mo payment leaves $873/mo available for distribution. Annual cash flow reaches $10,472/yr on $132,600 to close, and return on cash invested stands at 27.81% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,512 over five years. Portfolio math shows five-year ROI at 145.64% and total cumulative return in cash at $193,119. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,484/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
3,049 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: Rafael Delacruz • Bani Properties
Mls Name: StateWide MLS RI
Mls ID: #1396232