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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Warwick at 83 Myrtle Ave, Warwick, RI, 02886 at $405,000 posts ROI 22.55% with $296/mo cash flow from $2,939/mo rent. Total monthly income equals $2,939/mo, and annual cash flow records $3,546/yr on $134,258 to close. Return on cash invested measures 22.55% and rental yield reads 8.71% at the current $405,000. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 by year five. Five-year ROI prints 117.47% and total cumulative return in cash totals $157,706.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,939/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,518 (100%) |
| Owner Occupied HU | 9,073 (62.5%) |
| Renter Occupied HU | 4,614 (31.8%) |
| Vacant Housing Units | 831 ( 5.7%) |
| Median Home Value | $395,647 |
| Average Home Value | $440,210 |
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
Date | Event | Price |
|---|---|---|
| 2025-06-20 | Sold | $405,000 |
| 2025-05-21 | Pending sale | $374,900 |
| 2025-05-13 | Contingent | $374,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $4406.00 | 2.51% | $304,500 | 0.53% |
| 2023-10-16 | $4298.00 | -0.53% | $302,900 | 31.30% |
| 2022-10-16 | $4321.00 | N/A | $230,700 | N/A |
Listed by: Pam Soule • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383839
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 2025 State-Wide MLS, Inc. All rights reserved.
