357 Pequot AveWarwickRI02889
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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 Warwick at 357 Pequot Ave, Warwick, RI, 02889 with 5% annual appreciation on a $225,000 basis while $1,598/mo rent supports operations. Total monthly income totals $1,598/mo and a $1,101/mo payment preserves $130/mo for cash returns. Annual cash flow comes to $1,554/yr on $74,588 deployed, and return on cash invested reaches 21.99% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.52%. Five-year ROI measures 114.5% and total cumulative return in cash totals $85,401.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,598/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1913
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Listed by: Robert Bohlen • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls ID: #1404075