91 Joe Fromms WayWest WarwickRI02893
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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 West Warwick at 91 Joe Fromms Way, West Warwick, RI, 02893 priced at $439,900 pairs $3,392/mo rent with $521/mo cash flow after a $2,153/mo payment. Total monthly income equals $3,392/mo, and annual cash flow comes to $6,246/yr on $145,827 invested. Return on cash invested is 24.19% in year one, and rental yield stands at 9.25% on a $439,900 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,536 by year five. Five-year ROI measures 126.27% and total cumulative return in cash reaches $184,131. For financing, Ziffy Mortgage’s DSCR program evaluates $3,392/mo property income against a $2,153/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2021
6,115 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
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Listed by: Sofia Ledoux • JPAR Prime Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1402570