38 Lindsay LnCranstonRI02921
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 38 Lindsay Ln, Cranston, RI, 02921 in Cranston at $839,000, 3.09% gross yield, is a market-growth asset. Rental yield 3.09%. The $2,160/mo rent partially funds the $3,977/mo debt service; the core return is the 5%/yr price growth projected to add $231,800 over five years. Ziffy Mortgage's DSCR mortgage (0.54) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $90,191.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 5.8% |
| Monthly Cash Flow | $(3,317) | $420 |
City averages based on Cranston market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $5,348 |
| DSCR Ratio | 0.40x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
0.46 Acres lot
$N/A/sqft
No 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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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
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1422657
