77 Lantern Hill DrCranstonRI02921
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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
Rental property for sale in Cranston at 77 Lantern Hill Dr, Cranston, RI, 02921 priced at $1,375,481 converts $5,737/mo rent into after a $6,732/mo obligation. Total monthly income equals $5,737/mo. Return on cash invested prints 11.64% in year one, and rental yield reads 5.01% against a $1,375,481 entry. Equity gained on principal adds $8,876/yr, while 5% annual appreciation compiles into $380,020 by year five. Five-year ROI reaches 58.87% and total cumulative return in cash sums $262,345. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,737/mo property income covering a $6,732/mo payment, not borrower’s personal income.
Single Family
Built in 2026
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02921, Cranston, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,634
Multi-Family
170
Businesses
243
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Listed by: Jennifer Naylor • PICERNE HOMES
Mls Name: StateWide MLS RI
Mls ID: #1402678