201 Kimberly Ln, West Warwick, RI, 02893 | $662/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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201 Kimberly Ln, West Warwick, RI, 02893 | $662/mo Cash Flow | Ziffy

Pending

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 201 Kimberly Ln, West Warwick, RI, 02893 uses $187,497 cash to close to unlock $7,946/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $4,382/mo, and a $2,789/mo payment keeps the spread at $662/mo. Purchase price stands at $569,900, and rental yield measures 9.23% with $4,382/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 126.8% and total cumulative return in cash records $237,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,382/mo property income covering a $2,789/mo payment rather than investor’s personal income.

Single Family

Built in 1982

9,561 sqft lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSE CANCELLED FOR 09/07/24. Welcome home to this beautiful Colonial on corner lot with all of the following renovations completed in the last 6 years: Kitchen boasting quartz countertops, cabinets with soft-close doors, modern appliances, beverage cooler, wine cabinet, convection oven, microwave with cooking and baking capabilities, flat stove accompanied by a potent odor extractor, and kitchen window offering a breathtaking view of the newly constructed concrete patio and pool area surrounded by lush plants, automatic individual drip zone for plants, and an irrigation system for the lawn connected to phone and weather station. Hardwood and laminate floors are present throughout the home. The bathrooms have been nicely remodeled, and the family room features cathedral ceilings, new flooring, and fresh paint throughout, along with sliders leading to the beautiful in-ground pool with a newer liner and multi-speed pool pump, and an outdoor shower, all surrounded by a fence and trees. Additional features include newer vinyl siding, high-quality replacement windows, and screens, as well as a Mini-Split heat pump heating and cooling systems, ideal for heating and cooling, fan, chilling factor, and dehumidifier, all designed for maximum comfort with individually controlled multi-speed units. Furthermore, there are two pellet stoves with electronic ignition.

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