30 Pond StWest WarwickRI02893
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 30 Pond St, West Warwick, RI, 02893 in West Warwick speaks for itself: 10.55% gross on a $255,000 price, generating $2,243/mo in rent and $578/mo in net income after the $1,147/mo debt service. DSCR 1.96, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,938 stacks alongside $70,452 in projected five-year appreciation and $2,349/yr in principal reduction. Projected total cumulative return: $134,303.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $578 | $1,250 |
City averages based on West Warwick market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,243 |
| Total Monthly Debt Service | $1,563 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
914.76 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
914.76 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dennis DiDomenico • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1388107