61 Crossland RdWest 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
Rental property for sale in West Warwick at 61 Crossland Rd, West Warwick, RI, 02893 priced at $379,900 converts $2,898/mo rent into $419/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,898/mo, and annual cash flow totals $5,022/yr on $125,937 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 9.15% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 124.68% and total cumulative return in cash sums $157,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,898/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1945
10,018 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: Brenda L. Marchwicki • BisMarc Properties, LLC
Mls Name: StateWide MLS RI
Mls ID: #1397206