148 Lippitt 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
Rental property for sale in Warwick at 148 Lippitt Ave, Warwick, RI, 02889 generates $2,879/mo in rent and, after a $1,682/mo payment, leaves $636/mo in cash flow. Total monthly income is $2,879/mo, and annual cash flow is $7,629/yr on $113,903 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 10.05% on a $343,600 entry. Equity gained on principal adds $2,217/yr, while 5% annual appreciation builds toward $94,930 over five years. Five-year ROI reaches 139.21% and total cumulative return in cash sums $158,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,879/mo property income rather than buyer’s personal income.
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
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