69 Marine AveWarwickRI02888
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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 Warwick at 69 Marine Ave, Warwick, RI, 02888 uses $122,655 cash to close to unlock $6,176/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $2,930/mo, and a $1,811/mo payment keeps the spread at $515/mo. Purchase price stands at $370,000, and rental yield measures 9.5% with $2,930/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 130.3% and total cumulative return in cash records $159,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,930/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1935
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Martins Lans • Block Capital Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386542
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.