237 Commonwealth AveWarwickRI02886
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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 Warwick at 237 Commonwealth Ave, Warwick, RI, 02886 priced at $784,999 converts $3,778/mo rent into after a $3,842/mo obligation. Total monthly income equals $3,778/mo. Return on cash invested prints 13.81% in year one, and rental yield reads 5.78% against a $784,999 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation compiles into $216,881 by year five. Five-year ROI reaches 70.52% and total cumulative return in cash sums $182,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,778/mo property income covering a $3,842/mo payment, not borrower’s personal income.
Single Family
Built in 1875
2.31 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
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Listed by: Kyle Zalabowski • Edge Realty RI
Mls Name: StateWide MLS RI
Mls ID: #1389716