312 Wakefield StWest 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 312 Wakefield St, West Warwick, RI, 02893 earns $534/mo cash flow from $4,124/mo rent with a $2,692/mo payment. Total monthly income totals $4,124/mo, and annual cash flow totals $6,404/yr on $180,950 capital. ROI tracks 23.6% on current figures, and rental yield reads 9% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 123.04% and total cumulative return in cash sums $222,646. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,124/mo property income instead of your personal income.
Single Family
Built in 1980
0.65 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: Ray Leung • Multi State Realty
Mls Name: StateWide MLS RI
Mls ID: #1399062