49 Sumner 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
Investment property for sale in Cranston at 49 Sumner Ave, Cranston, RI, 02920 offers a 9.16% rental yield on a $405,000 purchase with $3,091/mo rent. Total monthly income registers $3,091/mo, and a $1,982/mo payment leaves $448/mo available for distribution. Annual cash flow reaches $5,370/yr on $134,258 to close, and return on cash invested stands at 23.91% in year one. Equity gained on principal adds $2,613/yr while 5% annual appreciation supports $111,894 over five years. Portfolio math shows five-year ROI at 124.74% and total cumulative return in cash at $167,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,091/mo property income against a $1,982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
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
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Listed by: Michael Solotke • Homistic Real Estate, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1390934