45 Lockwood StWarwickRI02889
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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
Investment property for sale in Warwick at 45 Lockwood St, Warwick, RI, 02889 offers a 11.64% rental yield on a $599,900 purchase with $5,820/mo rent. Total monthly income registers $5,820/mo, and a $2,936/mo payment leaves $1,904/mo available for distribution. Annual cash flow reaches $22,850/yr on $197,367 to close, and return on cash invested stands at 31.64% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 166.18% and total cumulative return in cash at $327,976. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,820/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Listed by: The Peter Izzi Team • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1389153