6 Field AveWest WarwickRI02893
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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
Investment property for sale in West Warwick at 6 Field Ave, West Warwick, RI, 02893 with 5% annual appreciation on a $324,900 basis while $2,584/mo rent supports operations. Total monthly income totals $2,584/mo and a $1,590/mo payment preserves $463/mo for cash returns. Annual cash flow comes to $5,560/yr on $107,704 deployed, and return on cash invested reaches 25.07% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,764 alongside rental yield of 9.54%. Five-year ROI measures 130.99% and total cumulative return in cash totals $141,077.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,584/mo property income versus a $1,590/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
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Listed by: Kiersten Luis • Mako Realty
Mls Name: StateWide MLS RI
Mls ID: #1403399