48 Patrick WayWarwickRI02886
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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 Warwick at 48 Patrick Way, Warwick, RI, 02886 generates $3,666/mo in rent, after a $3,421/mo payment. Total monthly income is $3,666/mo. Return on cash invested sits at 15.38% in year one, and rental yield is 6.29% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 78.99% and total cumulative return in cash sums $181,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,666/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
10,454 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: Daniel Robbins • BHHS Pinnacle Realty
Mls Name: StateWide MLS RI
Mls ID: #1403486