10 Lachance StWest WarwickRI02893
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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 West Warwick at 10 Lachance St, West Warwick, RI, 02893 uses $120,981 cash to close to unlock $29,399/yr annual cash flow and $2,450/mo monthly cash flow. Total monthly income runs $4,832/mo, and a $1,786/mo payment keeps the spread at $2,450/mo. Purchase price stands at $364,950, and rental yield measures 15.89% with $4,832/mo rent. Return on cash invested shows 44.21% in year one, and 5% annual appreciation builds toward $100,829 over five years. Five-year ROI reaches 233.58% and total cumulative return in cash records $282,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,832/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Multi Family
Built in 1924
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,695 (100%) |
| Owner Occupied HU | 7,722 (52.5%) |
| Renter Occupied HU | 6,160 (41.9%) |
| Vacant Housing Units | 813 ( 5.5%) |
| Median Home Value | $343,772 |
| Average Home Value | $379,155 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
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Listed by: Carolyn Bassett • RE/MAX Host of Homes
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1367208
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.