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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% |
Investment property for sale in West Warwick at 45 Phenix Ave, West Warwick, RI, 02893 listed at $349,900 pairs $3,143/mo rent with a $1,713/mo payment to leave $859/mo cash flow. Total monthly income runs $3,143/mo, and annual cash flow reaches $10,302/yr on $115,992 cash to close. Return on cash invested measures 28.79% in year one, and rental yield registers 10.78% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 150.94% and total cumulative return in cash totals $175,074. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,143/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1934
9,583 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: Mary Day • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1397009
