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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Kings Forest Ln, West Warwick, RI, 02893 offers $3,055/mo rent that, after a $1,835/mo payment, leaves $608/mo cash flow. Total monthly income is $3,055/mo, and annual cash flow is $7,292/yr on $124,279 cash. Return on cash invested measures 25.78% in year one, and rental yield stands at 9.78% at a $374,900 entry. Equity gained on principal adds $2,419/yr while 5% annual appreciation compounds into $103,578 by year five. Five-year ROI records 134.76% and total cumulative return in cash reaches $167,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,055/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
10,245 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 |
|---|---|---|
| 2024-11-12 | Listed for sale | $374,900 |
| 2022-05-02 | Sold | $272,000 |
| 2015-06-17 | Listing removed | $1,375 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $4781.00 | 2.03% | $255,800 | N/A |
| 2023-01-28 | $4686.00 | 1.54% | $255,800 | N/A |
| 2022-01-28 | $4615.00 | -6.71% | $255,800 | 18.92% |
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11363433
