51 Norman AveCranstonRI02910
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Nearby investment properties with comparable prices
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 51 Norman Ave, Cranston, RI, 02910 priced at $420,000 pairs $3,083/mo rent with $341/mo cash flow after a $2,056/mo payment. Total monthly income equals $3,083/mo, and annual cash flow comes to $4,092/yr on $139,230 invested. Return on cash invested is 22.85% in year one, and rental yield stands at 8.81% on a $420,000 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,038 by year five. Five-year ROI measures 119.04% and total cumulative return in cash reaches $165,739. For financing, Ziffy Mortgage’s DSCR program evaluates $3,083/mo property income against a $2,056/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
5,227 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: Pacheco Homes Team • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1395280