51 Lippitt AveWarwickRI02889
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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 51 Lippitt Ave, Warwick, RI, 02889 offers $2,803/mo rent that, after a $1,884/mo payment, leaves $290/mo cash flow. Total monthly income is $2,803/mo, and annual cash flow is $3,482/yr on $127,628 cash. Return on cash invested measures 22.64% in year one, and rental yield stands at 8.74% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 117.95% and total cumulative return in cash reaches $150,538. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,803/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.31 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: Juli McIntosh • RE/MAX ADVANTAGE GROUP
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384234
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.