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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Warwick at 62 Andrews Ave, West Warwick, RI, 02893 listed at $635,000 pairs $2,444/mo rent with a $3,108/mo payment. Total monthly income runs $2,444/mo. Return on cash invested measures 10.29% in year one, and rental yield registers 4.62% at a $635,000 basis. Equity gained on principal adds $4,098/yr, and annual property appreciation at 5% supports $175,439 by year five. Five-year ROI tracks 51.67% and total cumulative return in cash totals $107,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,444/mo property income relative to a $3,108/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1947
10,323 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
| 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 |
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Date | Event | Price |
|---|---|---|
| 2025-09-27 | Listing removed | $1,700 |
| 2025-09-10 | Listed for rent | $1,700 |
| 2025-07-27 | Listing removed | $1,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $7799.00 | 2.01% | $417,300 | N/A |
| 2023-10-20 | $7645.00 | 1.55% | $417,300 | N/A |
| 2022-10-20 | $7528.00 | 15.53% | $417,300 | 47.30% |
Listed by: The Peter Izzi Team • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386354
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
