57 River Vue AveWarwickRI02889
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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 Warwick at 57 River Vue Ave, Warwick, RI, 02889 priced at $665,000 converts $3,262/mo rent into after a $3,255/mo obligation. Total monthly income equals $3,262/mo. Return on cash invested prints 14.14% in year one, and rental yield reads 5.89% against a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation compiles into $183,727 by year five. Five-year ROI reaches 72.32% and total cumulative return in cash sums $158,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,262/mo property income covering a $3,255/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Listed by: The Peter Izzi Team • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1392651