148 Lippitt AveWarwickRI02889
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow148 Lippitt Ave, Warwick, RI, 02889 in Warwick earns its strong cash-flow label: 10.05% yield, $2,879/mo rent, $636/mo net income, DSCR 1.86. The $343,600 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $94,930 by year five. Combined with $3,165/yr in principal paydown, total projected return reaches $171,737.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 5.8% |
| Monthly Cash Flow | $636 | $1,850 |
City averages based on Warwick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,879 |
| Total Monthly Debt Service | $2,106 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
0.44 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1915
0.44 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A