44-46 Cleveland StCentral FallsRI02863
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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 Central Falls at 44-46 Cleveland St, Central Falls, RI, 02863 listed at $545,900 pairs $2,590/mo rent with a $2,672/mo payment. Total monthly income runs $2,590/mo. Return on cash invested measures 13.55% in year one, and rental yield registers 5.69% at a $545,900 basis. Equity gained on principal adds $3,523/yr, and annual property appreciation at 5% supports $150,822 by year five. Five-year ROI tracks 69.2% and total cumulative return in cash totals $124,278. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,590/mo property income relative to a $2,672/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02863, Central Falls, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,168 (100%) |
| Owner Occupied HU | 1,748 (21.4%) |
| Renter Occupied HU | 5,996 (73.4%) |
| Vacant Housing Units | 424 ( 5.2%) |
| Median Home Value | $311,111 |
| Average Home Value | $309,203 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
4,745
Multi-Family
1,571
Businesses
413
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Listed by: Amy Gonzalez • My Dream Home Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380826
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.