650 E Greenwich Ave #B5-211West 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
Rental property for sale in West Warwick at 650 E Greenwich Ave #B5-211, West Warwick, RI, 02893 generates $2,586/mo in rent and, after a $1,654/mo payment, leaves $380/mo in cash flow. Total monthly income is $2,586/mo, and annual cash flow is $4,561/yr on $112,014 invested. Return on cash invested sits at 23.98% in year one, and rental yield is 9.18% on a $337,900 entry. Equity gained on principal adds $2,180/yr, while 5% annual appreciation builds toward $93,356 over five years. Five-year ROI reaches 125.15% and total cumulative return in cash sums $140,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,586/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A 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: Stephen Forleo • Network Realty
Mls Name: StateWide MLS RI
Mls ID: #1402020