121 Hamilton AveWarwickRI02886
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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 121 Hamilton Ave, Warwick, RI, 02886 priced at $385,900 pairs $3,540/mo rent with $1,021/mo cash flow after a $1,889/mo payment. Total monthly income equals $3,540/mo, and annual cash flow comes to $12,248/yr on $127,926 invested. Return on cash invested is 29.48% in year one, and rental yield stands at 11.01% on a $385,900 basis. Equity gained on principal adds $2,490/yr, and 5% annual appreciation accumulates to $106,617 by year five. Five-year ROI measures 154.63% and total cumulative return in cash reaches $197,813. For financing, Ziffy Mortgage’s DSCR program evaluates $3,540/mo property income against a $1,889/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 9,073 (62.5%) |
| Renter Occupied HU | 4,614 (31.8%) |
| Vacant Housing Units | 831 ( 5.7%) |
| Median Home Value | $395,647 |
| Average Home Value | $440,210 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
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Listed by: Beverly Chittim • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1397527