565 Quaker Ln APT 101, West Warwick, RI, 02893 | $934/mo Cash Flow

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565 Quaker Ln APT 101, West Warwick, RI, 02893 | $934/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 West Warwick at 565 Quaker Ln APT 101, West Warwick, RI, 02893 listed at $319,000 pairs $3,016/mo rent with a $1,561/mo payment to leave $934/mo cash flow. Total monthly income runs $3,016/mo, and annual cash flow reaches $11,208/yr on $105,749 cash to close. Return on cash invested measures 30.51% in year one, and rental yield registers 11.35% at a $319,000 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,134 by year five. Five-year ROI tracks 160.12% and total cumulative return in cash totals $169,321. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,016/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1987

16.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Priced under market Value !!! Welcome to unit 101 at 565 Quaker Lane, in the heart of West Warwick. This End unit condo with Garage is the perfect living space Step inside to find an open-concept layout filled with natural light. The spacious living room flows seamlessly into the dining area and a well-appointed kitchen featuring modern appliances, ample cabinetry, and breakfast bar seatingperfect for entertaining or everyday living. Enjoy two generously sized bedrooms, including a primary suite with its own private bath and large closet. An additional full bathroom, in-unit laundry, and plenty of storage complete the space. Step out onto your private patio, perfect for morning coffee or evening relaxation. This professionally managed complex offers ample parking, manicured grounds, and a prime location just minutes from shopping, dining, highway access, and more. Whether youre a first-time buyer, downsizing, or investing, this move-in-ready unit offers low-maintenance living in a desirable location. subject to seller finding suitable living , seller is under contract 7/10/2025

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