70 Perkins 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 70 Perkins Ave, Cranston, RI, 02910 listed at $369,000 pairs $2,795/mo rent with a $1,806/mo payment to leave $386/mo cash flow. Total monthly income runs $2,795/mo, and annual cash flow reaches $4,636/yr on $122,324 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 9.09% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 123.63% and total cumulative return in cash totals $151,227. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,795/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
1,598 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: Sean Cardoso • Century 21 Limitless
Mls Name: StateWide MLS RI
Mls ID: #1399267