1895 New London Tpke, West Warwick, RI, 02893 | $431/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1895 New London Tpke, West Warwick, RI, 02893 | $431/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Warwick at 1895 New London Tpke, West Warwick, RI, 02893 listed at $379,900 pairs $2,910/mo rent with a $1,859/mo payment to leave $431/mo cash flow. Total monthly income runs $2,910/mo, and annual cash flow reaches $5,166/yr on $125,937 cash to close. Return on cash invested measures 24.01% in year one, and rental yield registers 9.19% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 125.29% and total cumulative return in cash totals $157,781. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,910/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1973

0.43 sqft lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSE 7/27 IS CANCELLED. OFFER HAS BEEN ACCEPTED. Exceptional Location & Impeccably Updated is this beautifully maintained home perfectly situated just moments from shopping, restaurants, and quick highway access, yet privately tucked back from the road with a serene fenced in backyard. Inside, an open and airy floor plan welcomes you with newer flooring throughout. Kitchen seamlessly connects to an updated deck overlooking the expansive, private yard, ideal for entertaining or simply unwinding. This home has been thoughtfully improved with a new furnace, A/C unit, and water heater, a young roof, and newer appliances. Enjoy the comfort of gas heat, central air, and the convenience of town water and sewer. All the essentials that check the boxes! The upper-level features three generous bedrooms and a tastefully updated full bath, while the lower level offers a refined living space with new carpeting, a cozy fireplace that is perfect as a media room, home office, or guest suite. An updated half bath with laundry and access to the garage complete the lower level. A two car garage, storage shed, and that expansive, private backyard complete the picture, making this home as functional as it is inviting. Experience comfort, style, and location at 1895 New London Tpke!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.

Housing Distribution

Housing Statistics

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