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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 Warwick at 44 Ideal Ct, Warwick, RI, 02818 offers $2,432/mo rent that, after a $1,713/mo payment, leaves $148/mo cash flow. Total monthly income is $2,432/mo, and annual cash flow is $1,770/yr on $115,992 cash. Return on cash invested measures 21.43% in year one, and rental yield stands at 8.34% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 111.48% and total cumulative return in cash reaches $129,306. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,432/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
| 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 |
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
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: Richard Perelman • RE/MAX 1st Choice
Mls Name: StateWide MLS RI
Mls ID: #1397667
