89 Lowell StWest WarwickRI02893
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 West Warwick at 89 Lowell St, West Warwick, RI, 02893 uses $112,677 cash to close to unlock $10,810/yr annual cash flow and $901/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,664/mo payment keeps the spread at $901/mo. Purchase price stands at $339,900, and rental yield measures 11.02% with $3,120/mo rent. Return on cash invested shows 29.5% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 154.72% and total cumulative return in cash records $174,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02893, West Warwick, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,695 (100%) |
| Owner Occupied HU | 7,722 (52.5%) |
| Renter Occupied HU | 6,160 (41.9%) |
| Vacant Housing Units | 813 ( 5.5%) |
| Median Home Value | $343,772 |
| Average Home Value | $379,155 |
Housing Distribution
Address Breakdown
Residential
14,016
Single Family
12,643
Multi-Family
1,373
Businesses
806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olatunde Oduyingbo • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1398821