892 Halifax DrWarwickRI02886
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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
Investment property for sale in Warwick at 892 Halifax Dr, Warwick, RI, 02886 uses $120,998 cash to close to unlock $2,350/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,786/mo payment keeps the spread at $196/mo. Purchase price stands at $365,000, and rental yield measures 8.48% with $2,578/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 113.69% and total cumulative return in cash records $137,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02886, Warwick, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,882
Single Family
10,749
Multi-Family
3,133
Businesses
1,935
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Listed by: Slocum Home Team • eXp Realty
Mls Name: StateWide MLS RI
Mls ID: #1403152