396 Love LnWarwickRI02818
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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 Warwick at 396 Love Ln, Warwick, RI, 02818 priced at $1,390,000 pairs $4,853/mo rent with after a $6,803/mo payment. Total monthly income equals $4,853/mo. Return on cash invested is 9.12% in year one, and rental yield stands at 4.19% on a $1,390,000 basis. Equity gained on principal adds $8,969/yr, and 5% annual appreciation accumulates to $384,031 by year five. Five-year ROI measures 45.37% and total cumulative return in cash reaches $204,324. For financing, Ziffy Mortgage’s DSCR program evaluates $4,853/mo property income against a $6,803/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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Listed by: The DiSpirito Team • Engel & Volkers Oceanside
Mls Name: StateWide MLS RI
Mls ID: #1398461