221 Trinity St, Warwick, RI, 02886 | $277/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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221 Trinity St, Warwick, RI, 02886 | $277/mo Cash Flow | Ziffy

For Sale

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 Warwick at 221 Trinity St, Warwick, RI, 02886 uses $165,717 cash to close to unlock $3,318/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $3,540/mo, and a $2,447/mo payment keeps the spread at $277/mo. Purchase price stands at $499,900, and rental yield measures 8.5% with $3,540/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 114.03% and total cumulative return in cash records $188,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,540/mo property income covering a $2,447/mo payment rather than investor’s personal income.

Single Family

Built in 1941

6,398 sqft lot

$N/A/sqft

No HOA

More details about the property

221 Trinity Street has been tastefully decorated right out of Coastal Living magazine. Set on a very quiet street, this home has partial water views of Gorton Pond in the summer, and terrific water views in the winter. As soon as you walk in, you will see the quality and little details that make a home built in the 1940s special, with hardwood floors, built-ins in the living room and dining room, and original brass door hardware. The kitchen features white cabinets, quartz counters, and stainless appliances. The bathrooms are nicely updated, all the windows have been replaced, and all the mechanicals are very young. The current owner has thoughtfully laid out the gardens with beautiful plantings all around the house. And one of the nicest features of this home is the private outdoor space that includes a 7 x 12 screened porch off the dining room, a 7x12 adjacent deck, and a beautiful paver patio. Highest and best offers due by 7pm on Monday 7/14/25.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,518 (100%)
Owner Occupied HU	9,073 (62.5%)
Renter Occupied HU	4,614 (31.8%)
Vacant Housing Units	831 ( 5.7%)
Median Home Value	$395,647
Average Home Value	$440,210