65 Perkins AveCranstonRI02910
Nearby investment properties with comparable rents
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 65 Perkins Ave, Cranston, RI, 02910 offers $2,896/mo rent that, after a $1,689/mo payment, leaves $644/mo cash flow. Total monthly income is $2,896/mo, and annual cash flow is $7,722/yr on $114,368 cash. Return on cash invested measures 26.66% in year one, and rental yield stands at 10.07% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 139.5% and total cumulative return in cash reaches $159,544. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,896/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Seyboth • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1397873