239 Richmond DrWarwickRI02888
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 239 Richmond Dr, Warwick, RI, 02888 with 5% annual appreciation on a $410,000 basis while $3,100/mo rent supports operations. Total monthly income totals $3,100/mo and a $2,007/mo payment preserves $423/mo for cash returns. Annual cash flow comes to $5,080/yr on $135,915 deployed, and return on cash invested reaches 23.65% in year one. Equity gained on principal adds $2,646/yr, and five-year appreciation sums $113,275 alongside rental yield of 9.07%. Five-year ROI measures 123.34% and total cumulative return in cash totals $167,639.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,100/mo property income versus a $2,007/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Slocum Home Team • eXp Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1392030
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.