72 W Shore Rd APT 3, Warwick, RI, 02889 | $115/mo Cash Flow

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72 W Shore Rd APT 3, Warwick, RI, 02889 | $115/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Warwick at 72 W Shore Rd APT 3, Warwick, RI, 02889 offers a 9.04% rental yield on a $115,000 purchase with $866/mo rent. Total monthly income registers $866/mo, and a $563/mo payment leaves $115/mo available for distribution. Annual cash flow reaches $1,382/yr on $38,123 to close, and return on cash invested stands at 23.53% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 122.85% and total cumulative return in cash at $46,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $866/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Affordable efficiency condo in the heart of Hoxie! This unit has been updated with NEW cabinets, a NEW laminate floor, and a newly reglazed bathtub. There's a surprising amount of closet space for it's size. The washer and dryer are located just steps from the inside entrance. HEAT IS INCLUDED, as well as hot water and sewer. Since it's a rear facing unit, the woods are directly behind the space for your privacy. Close to whatever you may need: bank, Dave's Market, Starbucks, Dunkin, airport, hospital...What a convenient spot for new owners, or someone downsizing!

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