510 Child St APT 106CWarrenRI02885
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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 Warren at 510 Child St APT 106C, Warren, RI, 02885 generates $2,446/mo in rent and, after a $1,517/mo payment, leaves $423/mo in cash flow. Total monthly income is $2,446/mo, and annual cash flow is $5,072/yr on $102,765 invested. Return on cash invested sits at 24.84% in year one, and rental yield is 9.47% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 129.76% and total cumulative return in cash sums $133,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,446/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02885, Warren, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,644 (100%) |
| Owner Occupied HU | 2,925 (51.8%) |
| Renter Occupied HU | 2,249 (39.8%) |
| Vacant Housing Units | 470 ( 8.3%) |
| Median Home Value | $442,918 |
| Average Home Value | $508,532 |
Housing Distribution
Address Breakdown
Residential
5,229
Single Family
4,970
Multi-Family
259
Businesses
610
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Listed by: Derek Greene • The Greene Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1388456