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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 650 E Greenwich Ave APT 2-111, West Warwick, RI, 02893 listed at $299,900 pairs $2,737/mo rent with a $1,468/mo payment to leave $501/mo cash flow. Total monthly income runs $2,737/mo, and annual cash flow reaches $6,018/yr on $99,417 cash to close. Return on cash invested measures 25.96% in year one, and rental yield registers 10.95% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 136.99% and total cumulative return in cash totals $136,192. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,737/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
$833 quarterly 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 |
|---|---|---|
| 2024-10-11 | Listed for sale | $299,900 |
| 2018-03-09 | Sold | $162,000 |
| 2016-12-17 | Listing removed | $1,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $3373.00 | 1.57% | $184,100 | N/A |
| 2022-10-14 | $3321.00 | 6.78% | $184,100 | 36.17% |
| 2021-10-14 | $3110.00 | N/A | $135,200 | N/A |
Listed by: Lynn Smiley • Smiley Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1369336
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 2024 State-Wide MLS, Inc. All rights reserved.
