341 Metacom Ave APT 3FWarrenRI02885
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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 Warren at 341 Metacom Ave APT 3F, Warren, RI, 02885 listed at $214,000 pairs $1,432/mo rent with a $1,047/mo payment to leave $35/mo cash flow. Total monthly income runs $1,432/mo, and annual cash flow reaches $426/yr on $70,941 cash to close. Return on cash invested measures 20.51% in year one, and rental yield registers 8.03% at a $214,000 basis. Equity gained on principal adds $1,381/yr, and annual property appreciation at 5% supports $59,124 by year five. Five-year ROI tracks 106.53% and total cumulative return in cash totals $75,575. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,432/mo property income relative to a $1,047/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02885, Warren, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,644 (100%) |
| Owner Occupied HU | 2,925 (51.8%) |
| Renter Occupied HU | 2,249 (39.8%) |
| Vacant Housing Units | 470 ( 8.3%) |
| Median Home Value | $442,918 |
| Average Home Value | $508,532 |
Housing Distribution
Address Breakdown
Residential
5,229
Single Family
4,970
Multi-Family
259
Businesses
610
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Listed by: Alaina Bruno • Harborside Realty
Mls Name: StateWide MLS RI
Mls ID: #1391618