24 Schoolhouse RdWarrenRI02885
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
Rental property for sale in Warren at 24 Schoolhouse Rd, Warren, RI, 02885 priced at $319,900 converts $2,210/mo rent into $122/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,210/mo, and annual cash flow totals $1,458/yr on $106,047 invested. Return on cash invested prints 21.28% in year one, and rental yield reads 8.29% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 110.66% and total cumulative return in cash sums $117,356. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,210/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02885, Warren, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,644 (100%) |
| Owner Occupied HU | 2,925 (51.8%) |
| Renter Occupied HU | 2,249 (39.8%) |
| Vacant Housing Units | 470 ( 8.3%) |
| Median Home Value | $442,918 |
| Average Home Value | $508,532 |
Housing Distribution
Address Breakdown
Residential
5,229
Single Family
4,970
Multi-Family
259
Businesses
610
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Listed by: Lori Gardiner • RE/MAX River's Edge - Bristol
Mls Name: StateWide MLS RI
Mls ID: #1389571