71 Wood StWarrenRI02885
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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 Warren at 71 Wood St, Warren, RI, 02885 priced at $599,000 converts $3,688/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,688/mo. Return on cash invested prints 18.71% in year one, and rental yield reads 7.39% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 96.81% and total cumulative return in cash sums $190,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,688/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02885, Warren, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,644 (100%) |
| Owner Occupied HU | 2,925 (51.8%) |
| Renter Occupied HU | 2,249 (39.8%) |
| Vacant Housing Units | 470 ( 8.3%) |
| Median Home Value | $442,918 |
| Average Home Value | $508,532 |
Housing Distribution
Address Breakdown
Residential
5,229
Single Family
4,970
Multi-Family
259
Businesses
610
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Listed by: Ryan Fazekas • Century 21 The Seyboth Team
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370514
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 2024 State-Wide MLS, Inc. All rights reserved.