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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Warwick at 54 River St APT 4, West Warwick, RI, 02893 priced at $159,900 converts $1,865/mo rent into $821/mo cash flow after a $783/mo obligation. Total monthly income equals $1,865/mo, and annual cash flow totals $9,850/yr on $53,007 invested. Return on cash invested prints 38.49% in year one, and rental yield reads 14% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 202.94% and total cumulative return in cash sums $107,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,865/mo property income covering a $783/mo payment, not borrower’s personal income.
Condo
Built in 1965
557.57 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
| 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 |
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Doug Jeffrey • Broadway Real Estate Group
Mls Name: StateWide MLS RI
Mls ID: #1394681
