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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Warwick at 3940 Post Rd APT 38, Warwick, RI, 02886 uses $86,190 cash to close to unlock $1,048/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $2,080/mo, and a $1,273/mo payment keeps the spread at $87/mo. Purchase price stands at $260,000, and rental yield measures 9.6% with $2,080/mo rent. Return on cash invested shows 21.13% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 111.33% and total cumulative return in cash records $95,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,080/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1970
1.41 Acres lot
$N/A/sqft
$295 monthly HOA
Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 9,073 (62.5%) |
| Renter Occupied HU | 4,614 (31.8%) |
| Vacant Housing Units | 831 ( 5.7%) |
| Median Home Value | $395,647 |
| Average Home Value | $440,210 |
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
Date | Event | Price |
|---|---|---|
| 2025-07-11 | Sold | $260,000 |
| 2025-07-02 | Pending sale | $244,900 |
| 2025-06-12 | Contingent | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2314.00 | 1.98% | $159,900 | N/A |
| 2023-10-10 | $2269.00 | 1.98% | $159,900 | 34.60% |
| 2022-10-10 | $2225.00 | N/A | $118,800 | N/A |
Listed by: Haley Rose • Edge Realty RI
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386345
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 2025 State-Wide MLS, Inc. All rights reserved.
