4 Legris Commons Ln UNIT 4, West Warwick, RI, 02893 | $921/mo Cash Flow

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4 Legris Commons Ln UNIT 4, West Warwick, RI, 02893 | $921/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Warwick at 4 Legris Commons Ln UNIT 4, West Warwick, RI, 02893 with 5% annual appreciation on a $325,000 basis while $3,043/mo rent supports operations. Total monthly income totals $3,043/mo and a $1,591/mo payment preserves $921/mo for cash returns. Annual cash flow comes to $11,054/yr on $107,738 deployed, and return on cash invested reaches 30.17% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 11.24%. Five-year ROI measures 158.35% and total cumulative return in cash totals $170,605.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,043/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained 2-bed, 2-bath townhouse-style condo in sought-after Legris Commons, offering 1,456 sq. ft. of comfortable living across two levels. The main floor features hardwood floors, newer carpeting, and freshly painted interiors, along with updated bathrooms with granite countertops. Well-proportioned bedrooms include an oversized primary suite with an expansive walk-in closet. A newly built private deck overlooks a fenced green spaceperfect for morning coffee or evening relaxation. The unfinished basement offers abundant storage and excellent expansion potential. A separately deeded garage space with additional storage is also included. Tucked away in a quiet, private setting yet just minutes from shopping, dining, and major highways, this condo offers the perfect blend of privacy, convenience, and value.

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