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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% |
Investment property for sale in West Warwick at 22 Douglas St, West Warwick, RI, 02893 offers a 11.24% rental yield on a $258,000 purchase with $2,417/mo rent. Total monthly income registers $2,417/mo, and a $1,263/mo payment leaves $645/mo available for distribution. Annual cash flow reaches $7,736/yr on $85,527 to close, and return on cash invested stands at 28.95% in year one. Equity gained on principal adds $1,665/yr while 5% annual appreciation supports $71,281 over five years. Portfolio math shows five-year ROI at 152.26% and total cumulative return in cash at $130,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,417/mo property income against a $1,263/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
4,791 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 |
|---|---|---|
| 2025-04-04 | Listing removed | $484,000 |
| 2025-03-20 | Listed for sale | $484,000 |
| 2025-02-24 | Pending sale | $484,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-08 | $4822.00 | 2.01% | $258,000 | N/A |
| 2023-09-08 | $4727.00 | -7.24% | $258,000 | N/A |
| 2022-09-08 | $5096.00 | 6.70% | $258,000 | 61.45% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
