12 Kiwanis Rd, West Warwick, RI, 02893 | $215/mo Cash Flow

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12 Kiwanis Rd, West Warwick, RI, 02893 | $215/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Warwick at 12 Kiwanis Rd, West Warwick, RI, 02893 uses $147,518 cash to close to unlock $2,582/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $2,178/mo payment keeps the spread at $215/mo. Purchase price stands at $445,000, and rental yield measures 8.41% with $3,120/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 112.69% and total cumulative return in cash records $166,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $2,178/mo payment rather than investor’s personal income.

Single Family

Built in 1968

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

This home offers a host of updates and features for comfortable living, including a new roof and new windows, central air, and a Ring doorbell for added security. Enjoy the convenience of front lawn sprinklers and cozy up by the wood stove on those chilly days along with A smart Next thermostat for efficient heating. Step outside to relax in the 24-foot above-ground pool, perfect for summer gatherings. The finished lower level includes a full bath with a stand-up shower and offers in-law potential, providing flexible space for extended family or guests. This home blends comfort, function, and great amenitiesdont miss your chance to see it!

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