565 Quaker Ln APT 124, West Warwick, RI, 02893 | $257/mo Cash Flow

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565 Quaker Ln APT 124, West Warwick, RI, 02893 | $257/mo Cash Flow | Ziffy

For Sale

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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 124, West Warwick, RI, 02893 earns $257/mo cash flow from $2,280/mo rent with a $1,517/mo payment. Total monthly income totals $2,280/mo, and annual cash flow totals $3,082/yr on $102,732 capital. ROI tracks 22.91% on current figures, and rental yield reads 8.83% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 119.37% and total cumulative return in cash sums $122,628. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.

Townhouse

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

This inviting 2-bedroom, 1.5-bath townhouse offers comfort, convenience, and excellent potential in the sought-after Greenwich Estates community. The main level features a spacious living and dining area with a wall A/C unit, and a nice sliding glass door that opens to your private deck. The kitchen provides plenty of cabinet storage and is ready for your personal touch or modern updates. A half bath completes the first floor. Upstairs, youll find a guest bedroom and a generous primary bedroom with vaulted ceilings and two closets. Along with a full bathroom featuring a tub/shower combo. The lower level includes an oversized garage with tandem parking for two cars, washer and dryer, mechanicals, and plenty of storage space. Set in a peaceful complex surrounded by beautiful landscaping, this location offers easy access to Bald Hill Road shopping, I-95/Route 4, and all the restaurants and shops of downtown East Greenwich. A great opportunity to own in a well-managed community and add your own updates for instant value!

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