339 George Arden Ave · Warwick, RI 02886

$385,000

2 bd · 2.0 ba · 936 sqft · SingleFamily public records · 6 Days on market

Built 1951 0.25 ac lot Est $342k · 13% over

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +6.8/30.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• ARV discount +1.8/15.0
• 1% rule +1.3/10.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move right in to this updated home in a great neighborhood. This home features an updated modern kitchen and appliances, fire-placed living room with electric insert , large finished basement with a full bath, a generous sized . 25 acre fenced in yard complete with stone patio and shed. Updated roof , windows, heating system and vinyl siding .

Key facts

• Fenced yard
• Updated kitchen
• Granite countertops

Tags

• CORNER LOT
• FENCED YARD
• PATIO SPACE
• HARDWOOD FLOORS
• UPDATED KITCHEN
• GRANITE COUNTERTOPS

Property features AI

Finance

• HOA & community: Community amenities include golf, marina, pool, public transportation, tennis courts, recreation areas, shopping, restaurants, highway access and proximity to hospital and schools

Exterior

• Parking: No garage; Space for 2 vehicles
• Utilities: Electric service: 100 amps with circuit breakers; Connected water; Septic tank
• Home design: Single-story home; Concrete perimeter foundation; Drywall and vinyl siding exterior
• Construction: Drywall construction; Vinyl siding
• Exterior features: Patio; Paved driveway; Outbuilding; Fenced yard; Corner lot

Interior

• Kitchen: Oven; Range; Microwave; Refrigerator
• Bedrooms: Two first-floor bedrooms (approx. 11.6 x 11.0 and 14.6 x 11.5)
• Flooring: Hardwood; Ceramic tile
• Bathrooms: Two full bathrooms (one on the first floor, one in the lower level)
• Heating & cooling: Gas forced-air heating; Ductless cooling
• Interior features: Thermal windows; Attic; Tub with shower; Tile fireplace
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $385k.

Deal economics

• At list price, monthly cash flow is $-602 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $279k (27.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $244k (36.7% below list).
• Recommended offer: $244k (36.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#6 in RI, #2,425 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, housing A+; Watch: schools D+, amenities F.
• Warwick (urban): math 15% / reading 32% proficiency, ranked #25 of 39 in RI (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 118 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; 471 units permitted in Kent County in 2024 (240 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Kent County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 75% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $243,537 (36.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.63% ✗
• Cap rate: 4.42%
• Cash-on-cash: -6.70%
• DSCR: 0.70
• GRM: 13.2

CMA / ARV

• ARV (on-the-fly): $341,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
82 Valley Ave	0.19mi	3/1.0 (+1)	960 (+3%)	1mo	$350,000	$365	77
45 Tourtelott Ave	0.13mi	2/1.0	1,008 (+8%)	3mo	$370,000	$367	75
3100 Post Rd	0.31mi	2/2.0	1,040 (+11%)	13mo	$348,000	$335	56
82 Myrtle Ave	0.54mi	2/1.0	972 (+4%)	13mo	$330,000	$340	54
28 Wesleyan Ave	0.55mi	3/1.0 (+1)	960 (+3%)	9mo	$401,000	$418	54
37 George Arden Ave	0.58mi	2/1.0	1,008 (+8%)	5mo	$340,000	$337	52
83 Myrtle Ave	0.55mi	2/1.0	986 (+5%)	12mo	$405,000	$411	52
794 Main Ave	0.69mi	2/1.0	988 (+6%)	8mo	$350,000	$354	48
12 Barber Ave	0.64mi	2/1.0	888 (-5%)	14mo	$335,000	$377	46
37 Eldridge Ave	0.59mi	3/1.0 (+1)	960 (+3%)	16mo	$360,000	$375	46
245 Morse Ave	0.73mi	3/1.0 (+1)	970 (+4%)	23mo	$300,000	$309	32
146 Staples Ave	0.73mi	3/2.0 (+1)	1,052 (+12%)	15mo	$300,000	$285	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -27.9%
• Equity multiple: 0.07×
• Total profit: $-100,756
• Equity at exit: $57,405

10-year hold

• IRR: -26.7%
• Equity multiple: -0.27×
• Total profit: $-137,271
• Equity at exit: $33,288

Cash invested: $107,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 31 Tenant-Leaning
• State Rhode Island: 31 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

30-day notice; strong tenant protections.

Methodology + full state rankings →

ZIP-level market 02886

• Active inventory: 118
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $2,435 high
• Mortgage (P&I): −$2,019
• Tax from tax record: −$346 /mo · $4,155/yr
• Insurance: −$160
• HOA: −$0
• Vacancy / Maint / Mgmt: −$511
• Net cashflow: $-602

Break-even live

Break-even rent $3,197

Max offer price $278,706

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $96,250
• Closing costs: $11,550
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3524 W Shore Rd #505 Warwick, RI	2.0	1.5	1100	$2,500	$2.27	44d	1	0.23mi
3524 W Shore Rd Warwick, RI	1.0–2.0	1.0–1.5	910	$2,500	$2.75	44d	2	0.23mi
85 Pleasant St Warwick, RI	1.0	1.0	528	$1,300	$2.46	44d	1	0.48mi
207 Main Ave Warwick, RI	1.0	1.0	768	$2,800	$3.65	44d	1	0.95mi
168 Main Ave Warwick, RI	2.0	1.0	800	$2,500	$3.12	17d	1	0.98mi
3595 Post Rd Warwick, RI	1.0–2.0	1.0–2.0	951	$2,750	$2.89	1d	8	1.08mi
165 Haverhill Ave Warwick, RI	3.0	1.0	902	$2,700	$2.99	44d	1	1.15mi
956 Brighton Way Warwick, RI	2.0	2.0	1065	$2,500	$2.35	44d	1	1.37mi
5 Moccasin Dr Warwick, RI	2.0	1.0	930	$2,350	$2.53	17d	1	1.39mi
141 Edaville Ct Warwick, RI	2.0	2.0	1095	$2,400	$2.19	44d	1	1.39mi

Listing history 19 events

1. 2026-05-19
   listed $385,000 Active
2. 2023-12-04
   soldstatus $344,000 Closed 345-char remark

   Show marketing remark (345 chars)

   Move right in to this updated home in a great neighborhood. This home features an updated modern kitchen and appliances, fire-placed living room with electric insert , large finished basement with a full bath, a generous sized . 25 acre fenced in yard complete with stone patio and shed. Updated roof , windows, heating system and vinyl siding .

3. 2023-11-07
   status Pending 345-char remark

   Show marketing remark (345 chars)

   Move right in to this updated home in a great neighborhood. This home features an updated modern kitchen and appliances, fire-placed living room with electric insert , large finished basement with a full bath, a generous sized . 25 acre fenced in yard complete with stone patio and shed. Updated roof , windows, heating system and vinyl siding .

4. 2023-11-02
   listed $340,000 Active 345-char remark

   Show marketing remark (345 chars)

   Move right in to this updated home in a great neighborhood. This home features an updated modern kitchen and appliances, fire-placed living room with electric insert , large finished basement with a full bath, a generous sized . 25 acre fenced in yard complete with stone patio and shed. Updated roof , windows, heating system and vinyl siding .

5. 2019-10-10
   soldstatus $234,900 Closed 246-char remark

   Show marketing remark (246 chars)

   Beautiful updated ranch. New; roof, windows, Kitchen w/ island open to fireplaced livingroom, furnace and hot water. Refinished hardwoods on first and new carpet in basement. 2 full baths. White vinyl fenced big backyard with patio area and shed.

6. 2019-10-10
   soldstatus $234,900

   Show marketing remark (246 chars)

   Beautiful updated ranch. New; roof, windows, Kitchen w/ island open to fireplaced livingroom, furnace and hot water. Refinished hardwoods on first and new carpet in basement. 2 full baths. White vinyl fenced big backyard with patio area and shed.

7. 2019-09-16
   status Pending 246-char remark

   Show marketing remark (246 chars)

   Beautiful updated ranch. New; roof, windows, Kitchen w/ island open to fireplaced livingroom, furnace and hot water. Refinished hardwoods on first and new carpet in basement. 2 full baths. White vinyl fenced big backyard with patio area and shed.

8. 2019-07-11
   status Pending 246-char remark

   Show marketing remark (246 chars)

   Beautiful updated ranch. New; roof, windows, Kitchen w/ island open to fireplaced livingroom, furnace and hot water. Refinished hardwoods on first and new carpet in basement. 2 full baths. White vinyl fenced big backyard with patio area and shed.

9. 2019-06-29
   listed $234,900 Active 246-char remark

   Show marketing remark (246 chars)

   Beautiful updated ranch. New; roof, windows, Kitchen w/ island open to fireplaced livingroom, furnace and hot water. Refinished hardwoods on first and new carpet in basement. 2 full baths. White vinyl fenced big backyard with patio area and shed.

10. 2016-07-29
    soldstatus $140,100 Sold
11. 2016-03-21
    status Pending
12. 2016-03-18
    status Active - Back on Market
13. 2016-02-05
    status Pending
14. 2016-01-23
    listed $140,000 Active - New
15. 2004-07-14
    soldstatus $214,000
16. 2004-06-10
    historical
17. 2004-06-05
    listed $214,900
18. 2000-01-31
    soldstatus $95,500
19. 1992-01-10
    soldstatus $91,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast RI · Partial reset (capped growth)

• Current annual tax: $4,155 · $346/mo
• Projected year-2 tax: $5,215 · $435/mo
• Expected delta: +$1,060/yr (+$88/mo · 25.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 75% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,224
• − Mortgage interest: −$21,566
• − Property taxes: −$4,155
• − Insurance: −$1,925
• − Repairs & maintenance: −$2,338
• − Management: −$2,338
• − Depreciation: −$11,200
• Taxable loss: −$14,297
• Est. tax savings @ 24.0%: +$3,431
• After-tax cash flow: $-3,789/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Warwick
• NCES district ID: 4401110
• Math proficiency: 15% ▼ -11.00%
• Reading proficiency: 32% ▼ -7.00%
• Median HH income: $63,420
• Composite: 22.03/100
• National rank: #8203
• State rank: #25 of 39 in RI

Livability — Warwick

• Score: 78/100
• State rank: #6
• US rank: #2425

Category grades

Amenities F Commute A+ Cost of living B- Crime A+ Employment A Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warwick, RI
• City population: 108,434
• Population (ZIP): 30,925

Population outlook (Kent County) Hauer SSP2

• Today (2025): 160,994 people
• By 2030: 157,428 · -2.2%
• By 2040: 148,389 · -7.8%
• By 2050: 137,995 · -14.3%
• By 2075: 118,536 · -26.4%
• By 2100: 102,266 · -36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 5% Asian 4% Black 2%
• Common ancestry: Lithuanian 8% Russian 7% Romanian 3%
• Foreign-born: 7% · Canada
• Languages at home: 91% English-only · Spanish 2% Other Asian/Pacific 2% Other Indo-European 2%

Political lean MEDSL · Kent

• 2024 margin: Toss-up / Even · D 49.9% · R 48.1% · Other 2.0%
• 2008→2024 swing: -15.6pp toward R · 2008: 17.5pp · 2024: 1.9pp
• All cycles: 2024: D+1.9 2020: D+7.6 2016: R+0.7 2012: D+18.4 2008: D+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -425.54%
• Current HPI: 350.8111
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.25%
• F500 in state: 10

Industry mix (Fortune 500 HQ in RI)

Industry	F500 HQs	Revenue
▸Healthcare	1	$373B
▸Food Distribution	1	$31B
▸Aerospace / Defense	1	$14B
▸Financial Services	1	$8B
▸Consumer Goods	1	$4B

Price history

+323.1% since first listed

19 events — show timeline

• 2026-05-19 Listed $385,000 RIS
• 2023-12-04 Sold (MLS) $344,000 RIS
• 2023-11-07 Pending — RIS
• 2023-11-02 Listed $340,000 RIS
• 2019-10-10 Sold (Public Records) $234,900 Public Records
• 2019-10-10 Sold (MLS) $234,900 RIS
• 2019-09-16 Pending — RIS
• 2019-07-11 Pending — RIS
• 2019-06-29 Listed $234,900 RIS
• 2016-07-29 Sold (MLS) $140,100 RIS
• 2016-03-21 Pending — RIS
• 2016-03-18 Relisted — RIS
• 2016-02-05 Pending — RIS
• 2016-01-23 Listed $140,000 RIS
• 2004-07-14 Sold (MLS) $214,000 RIS
• 2004-06-10 Listing Removed — RIS
• 2004-06-05 Listed $214,900 RIS
• 2000-01-31 Sold (Public Records) $95,500 Public Records
• 1992-01-10 Sold (Public Records) $91,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $4,155 · +2.6% YoY. Source: county tax records.