22 Wood StWest WarwickRI02893
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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
Rental property for sale in West Warwick at 22 Wood St, West Warwick, RI, 02893 priced at $364,900 pairs $2,510/mo rent with $128/mo cash flow after a $1,786/mo payment. Total monthly income equals $2,510/mo, and annual cash flow comes to $1,536/yr on $120,964 invested. Return on cash invested is 21.18% in year one, and rental yield stands at 8.25% on a $364,900 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,815 by year five. Five-year ROI measures 110.09% and total cumulative return in cash reaches $133,164. For financing, Ziffy Mortgage’s DSCR program evaluates $2,510/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
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Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11639330