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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% |
Investment property for sale in Cranston at 7 Salem Ave, Cranston, RI, 02920 at $419,900 posts ROI 22.07% with $250/mo cash flow from $2,991/mo rent. Total monthly income equals $2,991/mo, and annual cash flow records $3,002/yr on $139,197 to close. Return on cash invested measures 22.07% and rental yield reads 8.55% at the current $419,900. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,011 by year five. Five-year ROI prints 114.87% and total cumulative return in cash totals $159,900.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,991/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
6,141 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.
| 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 |
Residential
15,140
Single Family
13,484
Multi-Family
1,656
Businesses
1,690
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $419,900 |
| 1998-09-10 | Sold | $96,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $4727.00 | 2.81% | $347,300 | 42.75% |
| 2023-04-08 | $4598.00 | 2.11% | $243,300 | N/A |
| 2022-04-08 | $4503.00 | 2.83% | $243,300 | N/A |
Listed by: Richard Perelman • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381257
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.
