181 Heritage DrWarwickRI02818
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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 181 Heritage Dr, Warwick, RI, 02818 offers $7,001/mo rent that, after a $3,842/mo payment, leaves $1,877/mo cash flow. Total monthly income is $7,001/mo, and annual cash flow is $22,522/yr on $258,265 cash. Return on cash invested measures 28.78% in year one, and rental yield stands at 10.7% at a $785,000 entry. Equity gained on principal adds $5,065/yr while 5% annual appreciation compounds into $216,881 by year five. Five-year ROI records 150.83% and total cumulative return in cash reaches $389,534. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,001/mo property income versus a $3,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
1 Acres 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: Carolyn Drumm • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1402355