39 N Cornell AveWarrenRI02885
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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 Warren at 39 N Cornell Ave, Warren, RI, 02885 offers $3,748/mo rent that, after a $2,520/mo payment, leaves $387/mo cash flow. Total monthly income is $3,748/mo, and annual cash flow is $4,644/yr on $169,402 cash. Return on cash invested measures 22.8% in year one, and rental yield stands at 8.73% at a $514,900 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,257 by year five. Five-year ROI records 118.76% and total cumulative return in cash reaches $201,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,748/mo property income versus a $2,520/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
1.29 Acres 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: Michelle Savastano • Broadway Real Estate Group
Mls Name: StateWide MLS RI
Mls ID: #1403141