752 Quaker Ln #A-311WarwickRI02818
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 752 Quaker Ln #A-311, Warwick, RI, 02818 listed at $249,900 pairs $2,330/mo rent with a $1,223/mo payment to leave $699/mo cash flow. Total monthly income runs $2,330/mo, and annual cash flow reaches $8,386/yr on $82,842 cash to close. Return on cash invested measures 30.03% in year one, and rental yield registers 11.19% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 157.58% and total cumulative return in cash totals $130,538. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,330/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02818, East Greenwich, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,918 (100%) |
| Owner Occupied HU | 6,250 (70.1%) |
| Renter Occupied HU | 2,154 (24.2%) |
| Vacant Housing Units | 514 ( 5.8%) |
| Median Home Value | $616,971 |
| Average Home Value | $661,269 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
7,838
Multi-Family
752
Businesses
1,092
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Dantas • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1402436