285 Elm StWarwickRI02888
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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
Investment property for sale in Warwick at 285 Elm St, Warwick, RI, 02888 uses $86,820 cash to close to unlock $9,663/yr annual cash flow and $805/mo monthly cash flow. Total monthly income runs $2,515/mo, and a $1,282/mo payment keeps the spread at $805/mo. Purchase price stands at $261,900, and rental yield measures 11.52% with $2,515/mo rent. Return on cash invested shows 31.04% in year one, and 5% annual appreciation builds toward $72,358 over five years. Five-year ROI reaches 163% and total cumulative return in cash records $141,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,515/mo property income covering a $1,282/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Steve Cook • Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1376210
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.