117 Lippitt AveWarwickRI02889
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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 Warwick at 117 Lippitt Ave, Warwick, RI, 02889 priced at $319,000 pairs $2,822/mo rent with $740/mo cash flow after a $1,561/mo payment. Total monthly income equals $2,822/mo, and annual cash flow comes to $8,880/yr on $105,749 invested. Return on cash invested is 28.31% in year one, and rental yield stands at 10.62% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 148.3% and total cumulative return in cash reaches $156,829. For financing, Ziffy Mortgage’s DSCR program evaluates $2,822/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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