11 Spofford AveWarwickRI02888
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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
Total monthly income runs $2,193/mo, and a $1,953/mo payment. Purchase price stands at $399,000, and rental yield measures 6.6% with $2,193/mo rent. Return on cash invested shows 16.17% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 83.28% and total cumulative return in cash records $110,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,193/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Multi Family
Built in 1938
7,405 sqft lot
$N/A/sqft
No HOA
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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.