30 Peters LnWest WarwickRI02893
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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 West Warwick at 30 Peters Ln, West Warwick, RI, 02893 offers a 8.33% rental yield on a $539,900 purchase with $3,749/mo rent. Total monthly income registers $3,749/mo, and a $2,643/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,690/yr on $177,627 to close, and return on cash invested stands at 21.57% in year one. Equity gained on principal adds $3,484/yr while 5% annual appreciation supports $149,164 over five years. Portfolio math shows five-year ROI at 112.21% and total cumulative return in cash at $199,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,749/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
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Listed by: Caitlin Pannone • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1384703