240 Diamond Hill RdWarwickRI02886
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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 240 Diamond Hill Rd, Warwick, RI, 02886 generates $3,346/mo in rent and, after a $2,113/mo payment, leaves $528/mo in cash flow. Total monthly income is $3,346/mo, and annual cash flow is $6,335/yr on $143,109 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 9.3% on a $431,700 entry. Equity gained on principal adds $2,786/yr, while 5% annual appreciation builds toward $119,271 over five years. Five-year ROI reaches 127.02% and total cumulative return in cash sums $181,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,346/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,583 sqft 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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