99-100 3rd St, West Warwick, RI, 02893 | $760/mo Cash Flow

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99-100 3rd St, West Warwick, RI, 02893 | $760/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Warwick at 99-100 3rd St, West Warwick, RI, 02893 uses $125,639 cash to close to unlock $9,120/yr annual cash flow and $760/mo monthly cash flow. Total monthly income runs $3,234/mo, and a $1,855/mo payment keeps the spread at $760/mo. Purchase price stands at $379,000, and rental yield measures 10.24% with $3,234/mo rent. Return on cash invested shows 27.17% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 142.2% and total cumulative return in cash records $178,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,234/mo property income covering a $1,855/mo payment rather than investor’s personal income.

Multi Family

Built in 1880

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming 2-family home, located in a quiet and tucked away section of West Warwick! On the exterior, each unit has its own driveway, fully fenced in backyard, access to storage in the 1-car garage, and a full unfinished basement ideal for plenty of storage. Stepping into the home, you have two units that are identical in layout with large room sizes and hardwood floors throughout! The 1st floor unit has laundry in the basement, while the 2nd floor unit has a combo washer/dryer unit in the bathroom. Come make this great investment property yours today! Won't pass FHA/VA financing. Property to be sold "as-is."

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