859 Pontiac 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
Rental property for sale in Cranston at 859 Pontiac Ave, Cranston, RI, 02910 priced at $449,000 converts $2,280/mo rent into after a $2,198/mo obligation. Total monthly income equals $2,280/mo. Return on cash invested prints 14.66% in year one, and rental yield reads 6.09% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 75.13% and total cumulative return in cash sums $111,820. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.43 Acres 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: Tony D'Uva • Independent Brks Realty Of RI
Mls Name: StateWide MLS RI
Mls ID: #1402670