50 Welfare AveCranstonRI02910
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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 50 Welfare Ave, Cranston, RI, 02910 earns $1,318/mo cash flow from $3,995/mo rent with a $2,007/mo payment. Total monthly income totals $3,995/mo, and annual cash flow totals $15,820/yr on $135,915 capital. ROI tracks 31.55% on current figures, and rental yield reads 11.69% at a $410,000 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 over five years. Five-year ROI reaches 165.72% and total cumulative return in cash sums $225,239. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,995/mo property income instead of your personal income.
Single Family
Built in 1930
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02910, Cranston, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,132 (100%) |
| Owner Occupied HU | 5,914 (64.8%) |
| Renter Occupied HU | 2,888 (31.6%) |
| Vacant Housing Units | 330 ( 3.6%) |
| Median Home Value | $357,670 |
| Average Home Value | $384,889 |
Housing Distribution
Address Breakdown
Residential
8,771
Single Family
8,537
Multi-Family
234
Businesses
999
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Listed by: Dona Vellucci • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1402731