35 Nobile St UNIT 2West 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 35 Nobile St UNIT 2, West Warwick, RI, 02893 earns from $2,280/mo rent with a $1,512/mo payment. Total monthly income totals $2,280/mo. ROI tracks 19.64% on current figures, and rental yield reads 8.86% at a $308,900 purchase. Equity gained on principal adds $1,993/yr, and 5% annual appreciation supports $85,343 over five years. Five-year ROI reaches 103.1% and total cumulative return in cash sums $105,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$286 monthly 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: Kenneth Scotti • RE/MAX Properties
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1368761
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.