48 Progress 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 48 Progress St, WARWICK, RI, 02889 at $980,000 posts ROI 10.06% with from $3,712/mo rent. Total monthly income equals $3,712/mo. Return on cash invested measures 10.06% and rental yield reads 4.55% at the current $980,000. Equity gained on principal adds $6,324/yr, and 5% annual appreciation supports $270,756 by year five. Five-year ROI prints 50.47% and total cumulative return in cash totals $162,732. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,712/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
0.42 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: David Splaine • RE/MAX Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1387875
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.