41 Pawtuxet TerWest WarwickRI02893
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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 West Warwick at 41 Pawtuxet Ter, West Warwick, RI, 02893 offers $3,386/mo rent that, after a $1,908/mo payment, leaves $841/mo cash flow. Total monthly income is $3,386/mo, and annual cash flow is $10,094/yr on $129,252 cash. Return on cash invested measures 27.72% in year one, and rental yield stands at 10.42% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 145.2% and total cumulative return in cash reaches $187,669. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,386/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,000 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
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Listed by: Kyle Mardo • JPAR Prime Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1402723