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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% |
Rental property for sale in West Warwick at 40 Roberts St, West Warwick, RI, 02893 priced at $489,900 pairs $2,198/mo rent with after a $2,398/mo payment. Total monthly income equals $2,198/mo. Return on cash invested is 12.52% in year one, and rental yield stands at 5.38% on a $489,900 basis. Equity gained on principal adds $3,161/yr, and 5% annual appreciation accumulates to $135,350 by year five. Five-year ROI measures 63.65% and total cumulative return in cash reaches $103,373. For financing, Ziffy Mortgage’s DSCR program evaluates $2,198/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
5,222 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
| 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 |
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lauren Grilli • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls ID: #1399778
