80 Phenix Ave, Cranston, RI, 02920 | 4.66% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

80 Phenix Ave, Cranston, RI, 02920 | 4.66% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
2 Bath
2224 sft

20 Manilla Ave, Cranston, RI, 02920

4 Bed
1 Bath
1536 sft

15 Saxonia Rd, Cranston, RI, 02920

4 Bed
2 Bath
2784 sft

233 Summit Dr, Cranston, RI, 02920

4 Bed
4 Bath
3397 sft

45 Surrey Dr, Cranston, RI, 02920

Nearby investment properties with comparable prices

4 Bed
3 Bath
2608 sft

156 Douglas Dr N, Kingstown, RI, 02874

3 Bed
2 Bath
2380 sft

128 Vine St, Coventry, RI, 02816

4 Bed
4 Bath
3736 sft

26 Trout Brook Ln, Scituate, RI, 02831

4 Bed
3 Bath
2731 sft

15 Ezechiel Carre Rd, East Greenwich, RI, 02818

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Cranston at 80 Phenix Ave, Cranston, RI, 02920 offers $3,840/mo rent that, after a $4,845/mo payment. Total monthly income is $3,840/mo. Return on cash invested measures 10.4% in year one, and rental yield stands at 4.66% at a $989,900 entry. Equity gained on principal adds $6,388/yr while 5% annual appreciation compounds into $273,491 by year five. Five-year ROI records 52.27% and total cumulative return in cash reaches $170,221. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $4,845/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1840

0.73 Acres lot

$N/A/sqft

No HOA

More details about the property

RARE FIND!!! Legal 4 Unit in Western Cranston on 3/4 acre private lot with plenty of opportunity for growth or just enjoy the privacy of the extra space. There is a 3 car garage and a small storage garage. Approximately 175 feet of a beautiful stone wall to compliment the front of the property. Lot has 2 driveway entrances/exits 1 on Phenix Avenue and 1 on Bolton Street. Plenty of space for parking. 1st floor offers Unit 1 with 2 bed, 1 bath w/laundry, fireplace and beautiful outdoor patio. This unit has been completely renovated. 1st Floor also has Unit 2 with 2 bed, 1 bath and hardwoods. Both 1st Floor Units have their own exterior entrances, and common area entrances. 2nd Floor also has 2 Units. Unit 3 offers 3 bed, 1 bath rental. Unit 4 is a 2 bed, 1 bath that needs to be completely renovated. There is a full unfinished basement with a fireplace and 2 exits. Half of the basement was studio style living space at one time with plumbing for kitchen, wet bar and bath. Utility side has separate 100 amp circuit breakers, separate gas meters and laundry. Property has plenty of potential for possible buildable lot/lots or condo conversion. Many options. May not qualify for conventional loan. Investors & Builders this is a great opportunity for land plus a 4 Unit in Western Cranston!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02920, Cranston, RI area.

Housing Distribution

Housing Statistics

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