64 Lockwood StWest 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 64 Lockwood St, West Warwick, RI, 02893 listed at $569,000 pairs $5,360/mo rent with a $2,785/mo payment to leave $1,646/mo cash flow. Total monthly income runs $5,360/mo, and annual cash flow reaches $19,748/yr on $187,201 cash to close. Return on cash invested measures 30.61% in year one, and rental yield registers 11.3% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 160.65% and total cumulative return in cash totals $300,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,360/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
8,799 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: Mirianyi Nunez • Innovations Realty
Mls Name: StateWide MLS RI
Mls ID: #1398057