215 Rocky Point AveWarwickRI02889
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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
Investment property for sale in Warwick at 215 Rocky Point Ave, Warwick, RI, 02889 uses $192,465 cash to close to unlock $23,658/yr annual cash flow and $1,972/mo monthly cash flow. Total monthly income runs $5,790/mo, and a $2,863/mo payment keeps the spread at $1,972/mo. Purchase price stands at $585,000, and rental yield measures 11.88% with $5,790/mo rent. Return on cash invested shows 32.35% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 169.99% and total cumulative return in cash records $327,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,790/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Listed by: Bryan Quinlan • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1401174