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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Warwick at 26 Ledge Dr, West Warwick, RI, 02893 generates $2,941/mo in rent and, after a $1,517/mo payment, leaves $918/mo in cash flow. Total monthly income is $2,941/mo, and annual cash flow is $11,012/yr on $102,765 invested. Return on cash invested sits at 30.62% in year one, and rental yield is 11.38% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 160.75% and total cumulative return in cash sums $165,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,941/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,695 (100%) |
| Owner Occupied HU | 7,722 (52.5%) |
| Renter Occupied HU | 6,160 (41.9%) |
| Vacant Housing Units | 813 ( 5.5%) |
| Median Home Value | $343,772 |
| Average Home Value | $379,155 |
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Date | Event | Price |
|---|---|---|
| 2025-09-24 | Sold | $310,000 |
| 2025-08-21 | Pending sale | $320,000 |
| 2025-08-13 | Listed for sale | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $4076.00 | 2.00% | $218,100 | N/A |
| 2023-10-15 | $3996.00 | 1.55% | $218,100 | N/A |
| 2022-10-15 | $3935.00 | 2.88% | $218,100 | 31.15% |
Listed by: Cody Sequino • Harborside Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1392570
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.
