11 Spofford AveWarwickRI02888
INVESTMENT ANALYSIS
Investment Verdict
Solid Income11 Spofford Ave, Warwick, RI, 02888 in Warwick earns a respectable 8.17% gross yield at $399,000, but after the $1,794/mo mortgage the net cash flow is $113/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.22) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $110,236 over five years, making equity the dominant return driver. Total projected return: $125,441.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.8% |
| Monthly Cash Flow | $113 | $1,850 |
City averages based on Warwick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,193 |
| Total Monthly Debt Service | $2,446 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1938
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1938
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Pedro • Century 21 Platinum RE Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1382900
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 2025 State-Wide MLS, Inc. All rights reserved.