265 Longmeadow AveWarwickRI02889
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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 265 Longmeadow Ave, Warwick, RI, 02889 generates $3,450/mo in rent and, after a $1,936/mo payment, leaves $868/mo in cash flow. Total monthly income is $3,450/mo, and annual cash flow is $10,414/yr on $131,141 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 10.47% on a $395,600 entry. Equity gained on principal adds $2,553/yr, while 5% annual appreciation builds toward $109,297 over five years. Five-year ROI reaches 145.87% and total cumulative return in cash sums $191,294. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,450/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Listed by: Tracey Black • Marsha Welch Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1395164
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.