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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 8 Somerset Rd, Cranston, RI, 02910 listed at $439,900 pairs $2,340/mo rent with a $2,153/mo payment. Total monthly income runs $2,340/mo. Return on cash invested measures 15.54% in year one, and rental yield registers 6.38% at a $439,900 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,536 by year five. Five-year ROI tracks 79.84% and total cumulative return in cash totals $116,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,340/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02910, Cranston, RI area.
| 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 |
Residential
8,771
Single Family
8,537
Multi-Family
234
Businesses
999
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: The Petreccia Group • RE/MAX ADVANTAGE GROUP
Mls Name: StateWide MLS RI
Mls ID: #1392097
