151 Ives RdWarwickRI02818
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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
Investment property for sale in Warwick at 151 Ives Rd, Warwick, RI, 02818 uses $177,331 cash to close to unlock $692/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $3,576/mo, and a $2,638/mo payment keeps the spread at $58/mo. Purchase price stands at $539,000, and rental yield measures 7.96% with $3,576/mo rent. Return on cash invested shows 20.45% in year one, and 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 106.17% and total cumulative return in cash records $188,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,576/mo property income covering a $2,638/mo payment rather than investor’s personal income.
Single Family
Built in 1915
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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Listed by: Keri-Ann McAlice • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1400945