96 Mason 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 96 Mason Ave, Cranston, RI, 02910 generates $3,336/mo in rent and, after a $2,203/mo payment, leaves $398/mo in cash flow. Total monthly income is $3,336/mo, and annual cash flow is $4,776/yr on $149,175 invested. Return on cash invested sits at 23.11% in year one, and rental yield is 8.9% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 120.45% and total cumulative return in cash sums $179,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,336/mo property income rather than buyer’s personal income.
Single Family
Built in 1931
3,920 sqft 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: Sean Carlino Esq. • Esquire Property
Mls Name: StateWide MLS RI
Mls ID: #1401755