700 Sandy Ln #18WarwickRI02889
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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 700 Sandy Ln #18, Warwick, RI, 02889 earns from $2,400/mo rent with a $2,569/mo payment. Total monthly income totals $2,400/mo. ROI tracks 12.93% on current figures, and rental yield reads 5.49% at a $524,900 purchase. Equity gained on principal adds $3,387/yr, and 5% annual appreciation supports $145,020 over five years. Five-year ROI reaches 65.83% and total cumulative return in cash sums $113,677. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02889, Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,411 (100%) |
| Owner Occupied HU | 9,450 (76.1%) |
| Renter Occupied HU | 2,398 (19.3%) |
| Vacant Housing Units | 563 ( 4.5%) |
| Median Home Value | $381,519 |
| Average Home Value | $441,128 |
Housing Distribution
Address Breakdown
Residential
12,157
Single Family
11,535
Multi-Family
622
Businesses
524
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Listed by: Nicolas Lamoureux • Mahogany Shoals, Inc
Mls Name: StateWide MLS RI
Mls ID: #1399661