849 Laten Knight RdCranstonRI02921
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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 849 Laten Knight Rd, Cranston, RI, 02921 uses $70,827 cash to close to unlock $48,800/yr annual cash flow and $4,067/mo monthly cash flow. Total monthly income runs $5,882/mo, and a $1,046/mo payment keeps the spread at $4,067/mo. Purchase price stands at $213,656, and rental yield measures 33.04% with $5,882/mo rent. Return on cash invested shows 88.81% in year one, and 5% annual appreciation builds toward $59,029 over five years. Five-year ROI reaches 475.36% and total cumulative return in cash records $336,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,882/mo property income covering a $1,046/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.50 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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