700 Sandy Ln FLOOR 2WarwickRI02889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 FLOOR 2, Warwick, RI, 02889 offers a 8.67% rental yield on a $524,900 purchase with $3,793/mo rent. Total monthly income registers $3,793/mo, and a $2,569/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,400/yr on $172,692 to close, and return on cash invested stands at 22.61% in year one. Equity gained on principal adds $3,387/yr while 5% annual appreciation supports $145,020 over five years. Portfolio math shows five-year ROI at 117.73% and total cumulative return in cash at $203,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,793/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2026
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicolas Lamoureux • Mahogany Shoals, Inc
Mls Name: StateWide MLS RI
Mls ID: #1402324