8 McKay CtWarwickRI02889
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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 Warwick at 8 McKay Ct, Warwick, RI, 02889 priced at $549,900 pairs $4,889/mo rent with $1,300/mo cash flow after a $2,691/mo payment. Total monthly income equals $4,889/mo, and annual cash flow comes to $15,598/yr on $180,917 invested. Return on cash invested is 28.68% in year one, and rental yield stands at 10.67% on a $549,900 basis. Equity gained on principal adds $3,548/yr, and 5% annual appreciation accumulates to $151,927 by year five. Five-year ROI measures 150.3% and total cumulative return in cash reaches $271,910. For financing, Ziffy Mortgage’s DSCR program evaluates $4,889/mo property income against a $2,691/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
7,074 sqft 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: Denise Leonard • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1392398