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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 5-304, West Warwick, RI, 02893 offers a 10.5% rental yield on a $316,000 purchase with $2,766/mo rent. Total monthly income registers $2,766/mo, and a $1,547/mo payment leaves $407/mo available for distribution. Annual cash flow reaches $4,882/yr on $104,754 to close, and return on cash invested stands at 24.57% in year one. Equity gained on principal adds $2,039/yr while 5% annual appreciation supports $87,305 over five years. Portfolio math shows five-year ROI at 129.51% and total cumulative return in cash at $135,667. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,766/mo property income against a $1,547/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
20.05 Acres lot
$N/A/sqft
$888 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 |
|---|---|---|
| 2025-10-24 | Sold | $316,000 |
| 2025-10-15 | Pending sale | $300,000 |
| 2025-09-30 | Contingent | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $3639.00 | 2.02% | $194,700 | N/A |
| 2023-10-26 | $3567.00 | 1.57% | $194,700 | N/A |
| 2022-10-26 | $3512.00 | 7.70% | $194,700 | 37.31% |
Listed by: Melissa Rampone • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1390418
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.
