6 Island View DrWarwickRI02886
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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 Warwick at 6 Island View Dr, Warwick, RI, 02886 with 5% annual appreciation on a $575,000 basis while $4,766/mo rent supports operations. Total monthly income totals $4,766/mo and a $2,814/mo payment preserves $1,013/mo for cash returns. Annual cash flow comes to $12,154/yr on $189,175 deployed, and return on cash invested reaches 26.49% in year one. Equity gained on principal adds $3,710/yr, and five-year appreciation sums $158,862 alongside rental yield of 9.95%. Five-year ROI measures 138.51% and total cumulative return in cash totals $262,031.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,766/mo property income versus a $2,814/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 9,073 (62.5%) |
| Renter Occupied HU | 4,614 (31.8%) |
| Vacant Housing Units | 831 ( 5.7%) |
| Median Home Value | $395,647 |
| Average Home Value | $440,210 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
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Listed by: Sara Whitney • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1402440