53-55 Ottawa StWest WarwickRI02893
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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 West Warwick at 53-55 Ottawa St, West Warwick, RI, 02893 generates $4,832/mo in rent and, after a $2,384/mo payment, leaves $1,653/mo in cash flow. Total monthly income is $4,832/mo, and annual cash flow is $19,831/yr on $161,441 invested. Return on cash invested sits at 32.19% in year one, and rental yield is 11.91% on a $487,000 entry. Equity gained on principal adds $3,143/yr, while 5% annual appreciation builds toward $134,549 over five years. Five-year ROI reaches 169.16% and total cumulative return in cash sums $273,090. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,832/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,695 (100%) |
| Owner Occupied HU | 7,722 (52.5%) |
| Renter Occupied HU | 6,160 (41.9%) |
| Vacant Housing Units | 813 ( 5.5%) |
| Median Home Value | $343,772 |
| Average Home Value | $379,155 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
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Listed by: Sandra Baker • Butler Realty Group
Mls Name: StateWide MLS RI
Mls ID: #1395088