510 Child St APT 201CWarrenRI02885
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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 Warren at 510 Child St APT 201C, Warren, RI, 02885 uses $84,499 cash to close to unlock $8,804/yr annual cash flow and $734/mo monthly cash flow. Total monthly income runs $2,398/mo, and a $1,248/mo payment keeps the spread at $734/mo. Purchase price stands at $254,900, and rental yield measures 11.29% with $2,398/mo rent. Return on cash invested shows 30.33% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 159.18% and total cumulative return in cash records $134,508. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,398/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1970
997.52 sqft 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: Lisa Barbary • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls ID: #1401072