117 Warwick Neck 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
Investment property for sale in Warwick at 117 Warwick Neck Ave, Warwick, RI, 02889 offers a 6.24% rental yield on a $729,900 purchase with $3,797/mo rent. 23% in year one. Equity gained on principal adds $4,710/yr while 5% annual appreciation supports $201,658 over five years. Portfolio math shows five-year ROI at 78.14% and total cumulative return in cash at $187,651. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,797/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
7,840 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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Listed by: Robert Perillo • Riparian Real Estate Group
Mls Name: StateWide MLS RI
Mls ID: #1392443