283 Palmer 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
Total monthly income runs $2,755/mo, and a $2,814/mo payment. Purchase price stands at $574,999, and rental yield measures 5.75% with $2,755/mo rent. Return on cash invested shows 13.73% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 70.11% and total cumulative return in cash records $132,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,755/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
9,147 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: Maria Santos • eXp Realty
Mls Name: eXp Realty
Mls ID: #1404330