902 Main AveWarwickRI02886
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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 902 Main Ave, Warwick, RI, 02886 listed at $349,999 pairs $2,450/mo rent with a $1,713/mo payment to leave $165/mo cash flow. Total monthly income runs $2,450/mo, and annual cash flow reaches $1,984/yr on $116,025 cash to close. Return on cash invested measures 21.62% in year one, and rental yield registers 8.4% at a $349,999 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,698 by year five. Five-year ROI tracks 112.48% and total cumulative return in cash totals $130,502. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,450/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
6,098 sqft 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: Jessica Azarian • RIGHT PLACE AT THE RIGHT TIME REALTY LLC
Mls Name: My State MLS
Mls ID: #11576699