30 Potter AveWest 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
Rental property for sale in West Warwick at 30 Potter Ave, West Warwick, RI, 02893 priced at $1,250,000 pairs $3,781/mo rent with after a $6,118/mo payment. Total monthly income equals $3,781/mo. Return on cash invested is 7.4% in year one, and rental yield stands at 3.63% on a $1,250,000 basis. Equity gained on principal adds $8,066/yr, and 5% annual appreciation accumulates to $345,352 by year five. Five-year ROI measures 36.1% and total cumulative return in cash reaches $146,209. For financing, Ziffy Mortgage’s DSCR program evaluates $3,781/mo property income against a $6,118/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
10,454 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
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Listed by: John Kidd • Blackstone/Ocean Properties
Mls Name: StateWide MLS RI
Mls ID: #1401045