650 E Greenwich Ave APT 6-101, West Warwick, RI, 02893 | $670/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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650 E Greenwich Ave APT 6-101, West Warwick, RI, 02893 | $670/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Warwick at 650 E Greenwich Ave APT 6-101, West Warwick, RI, 02893 generates $2,628/mo in rent and, after a $1,468/mo payment, leaves $670/mo in cash flow. Total monthly income is $2,628/mo, and annual cash flow is $8,040/yr on $99,450 invested. Return on cash invested sits at 27.99% in year one, and rental yield is 10.51% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 146.63% and total cumulative return in cash sums $145,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,628/mo property income rather than buyer’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Excellent opportunity to own a move-in-ready, first-floor, one-level end unit in the secluded Quaker Valley Condominiums. This well-maintained condo features an open-concept layout with two bedrooms and two full bathrooms. As you enter, youre welcomed by a bright and spacious dining and living area highlighted by a charming brick fireplace. A slider from the living room leads to a lovely outdoor porchperfect for morning coffee or unwinding at the end of the day. The primary suite offers a generous walk-in closet, its own private porch for relaxing, and a full bathroom with a large walk-in shower. The second bedroom also includes a walk-in closet, while the second full bathroom features a tub/shower combination and a convenient linen closet. Additional highlights include an in-unit full-size washer and dryer tucked neatly into the hall closet, a separate coat closet, a new heating system installed in 2024, a freshly painted interior, and brand-new flooring. Quaker Valley is in a fantastic locationjust minutes from a wide variety of shopping and dining options and with quick, easy highway access. A wonderful place to call home!

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