56 Partition St, Warwick, RI, 02888 | $331/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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56 Partition St, Warwick, RI, 02888 | $331/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Warwick at 56 Partition St, Warwick, RI, 02888 offers a 8.83% rental yield on a $399,900 purchase with $2,941/mo rent. Total monthly income registers $2,941/mo, and a $1,957/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,970/yr on $132,567 to close, and return on cash invested stands at 22.9% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 119.34% and total cumulative return in cash at $158,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,941/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

This is a three bed one bath ranch. It has a one car garage, a breezeway, and a finished basement. The house is in good condition. Much recent work has been done. IT HAS A BRAND NEW VERY EFFICIENT HEAT PUMP FOR HEAT AND CENTRAL AC. The kitchen has a new LVP floor and new quartz countertops. The bathroom has a new vanity. There is a brand new roof. It has a new HWH. It has a 200 amp c/b electric box, 3 years old. There are hardwood floors in the living room and in all 3 bedrooms. There is a like new wood stove insert in the fireplace in living room, this can heat the whole house. There is a large finished basement, one big room, with a sink, and a pool table. The pool table is in new condition. There is a one car attached garage and a breezeway. The site is quite large at 10,019 SF and it a corner lot. The house has very good separation from other houses.