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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cranston at 6 Gray Coach Ln APT 602, Cranston, RI, 02921 generates $2,754/mo in rent, after a $1,933/mo payment. Total monthly income is $2,754/mo. Return on cash invested sits at 18.77% in year one, and rental yield is 8.37% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 98.16% and total cumulative return in cash sums $128,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,754/mo property income rather than buyer’s personal income.
Townhouse
Built in 2016
3,484 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood data shown for ZIP Code: 02921, Cranston, RI area.
| 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 |
Residential
4,804
Single Family
4,634
Multi-Family
170
Businesses
243
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $395,000 |
| 2017-05-25 | Sold | $208,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-03 | $4357.00 | -1.60% | $320,100 | 36.62% |
| 2023-05-03 | $4428.00 | 2.10% | $234,300 | N/A |
| 2022-05-03 | $4337.00 | 2.85% | $234,300 | N/A |
Listed by: Harold Tillinghast • Century 21 The Seyboth Team
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383665
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.
