48 Central StWarwickRI02886
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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 48 Central St, Warwick, RI, 02886 with 5% annual appreciation on a $399,900 basis while $2,849/mo rent supports operations. Total monthly income totals $2,849/mo and a $1,957/mo payment preserves $239/mo for cash returns. Annual cash flow comes to $2,866/yr on $132,567 deployed, and return on cash invested reaches 22.07% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 8.55%. Five-year ROI measures 114.88% and total cumulative return in cash totals $152,288.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,849/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1905
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 9,073 (62.5%) |
| Renter Occupied HU | 4,614 (31.8%) |
| Vacant Housing Units | 831 ( 5.7%) |
| Median Home Value | $395,647 |
| Average Home Value | $440,210 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
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Listed by: Kristie Belmont • HERE Realty
Mls Name: StateWide MLS RI
Mls ID: #1390804