94 Cowesett Ave APT 8West 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
Investment property for sale in West Warwick at 94 Cowesett Ave APT 8, West Warwick, RI, 02893 uses $52,377 cash to close to unlock $2,435/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,234/mo, and a $773/mo payment keeps the spread at $203/mo. Purchase price stands at $158,000, and rental yield measures 9.37% with $1,234/mo rent. Return on cash invested shows 24.56% in year one, and 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 128.2% and total cumulative return in cash records $67,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,234/mo property income covering a $773/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A 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: Michael Zompa • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1396145