Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Warwick at 2 Freemont St, West Warwick, RI, 02893 generates $3,005/mo in rent and, after a $1,884/mo payment, leaves $492/mo in cash flow. Total monthly income is $3,005/mo, and annual cash flow is $5,908/yr on $127,594 invested. Return on cash invested sits at 24.54% in year one, and rental yield is 9.37% on a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 128.13% and total cumulative return in cash sums $163,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,005/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
| 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 |
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Date | Event | Price |
|---|---|---|
| 2025-05-24 | Price change | $384,900 |
| 2025-05-08 | Price change | $399,000 |
| 2025-04-16 | Listed for sale | $424,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $4132.00 | 2.00% | $221,100 | N/A |
| 2023-06-01 | $4051.00 | 1.55% | $221,100 | N/A |
| 2022-06-01 | $3989.00 | -4.87% | $221,100 | 21.28% |
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11492971
