510 Child St APT 202CWarrenRI02885
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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 202C, Warren, RI, 02885 uses $82,875 cash to close to unlock $1,664/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,771/mo, and a $1,224/mo payment keeps the spread at $139/mo. Purchase price stands at $250,000, and rental yield measures 8.5% with $1,771/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 114.07% and total cumulative return in cash records $94,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $1,224/mo payment rather than investor’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: Meagan Leal • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1396496