362-364 Webster AveCranstonRI02920
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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
Rental property for sale in Cranston at 362-364 Webster Ave, Cranston, RI, 02920 generates $2,875/mo in rent, after a $3,142/mo payment. Total monthly income is $2,875/mo. Return on cash invested sits at 12.59% in year one, and rental yield is 5.37% on a $642,000 entry. Equity gained on principal adds $4,143/yr, while 5% annual appreciation builds toward $177,373 over five years. Five-year ROI reaches 64% and total cumulative return in cash sums $135,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,875/mo property income rather than buyer’s personal income.
Multi Family
Built in 1924
5,707 Acres 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
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Listed by: N/A • N/A
Mls Name: HomeSmart
Mls Provider:
Mls ID: #1363093