Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Warwick at 1301 Main St, West Warwick, RI, 02893 priced at $469,000 converts $2,394/mo rent into after a $2,296/mo obligation. Total monthly income equals $2,394/mo. Return on cash invested prints 14.75% in year one, and rental yield reads 6.13% against a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,576 by year five. Five-year ROI reaches 75.63% and total cumulative return in cash sums $117,583. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Multi Family
Built in 1930
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
| 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 |
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Date | Event | Price |
|---|---|---|
| 2025-03-20 | Listed for sale | $469,000 |
| 2016-12-15 | Sold | $211,500 |
| 2016-10-14 | Listed for sale | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $5428.00 | 2.03% | $290,400 | N/A |
| 2023-03-26 | $5320.00 | 1.55% | $290,400 | N/A |
| 2022-03-26 | $5239.00 | 15.75% | $290,400 | 47.56% |
Listed by: Nate Chatterley • CALDWELL REALTY LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380452
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
