114-116 Providence StWest WarwickRI02893
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
Investment Highlights
Investment property for sale in West Warwick at 114-116 Providence St, West Warwick, RI, 02893 earns $854/mo cash flow from $3,399/mo rent with a $1,908/mo payment. Total monthly income totals $3,399/mo, and annual cash flow totals $10,250/yr on $129,252 capital. ROI tracks 27.84% on current figures, and rental yield reads 10.46% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 145.84% and total cumulative return in cash sums $188,497. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,399/mo property income instead of your personal income.
Multi Family
Built in 1880
6,970 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: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11531889