What is the rental yield in Folly Landing?

The gross yield in Folly Landing, Warwick, Rhode Island is 6.1. Prices are in line with Warwick and about 5% above Rhode Island, while the market rose 5.7% over the past year. The Red Flag score is 61, and education is in the 70th percentile.

How does Folly Landing compare with Warwick and Rhode Island?

Folly Landing, Warwick, Rhode Island is in line with Warwick on price and about 5% above Rhode Island. It has a 6.1 gross yield and a 5.7% rise over the past year. The Red Flag score is 61, with walkability of 24 and education in the 70th percentile.

Neighborhood

Folly Landing

Warwick, Rhode Island US

Folly Landing, Warwick, Rhode Island has an investment profile defined by a 6.1 gross yield, prices that are in line with Warwick and about 5% above Rhode Island, and a 5.7% rise over the past year. The neighborhood carries a Red Flag score of 61, walkability of 24, and education in the 70th percentile. The main strength is the education percentile and recent price growth; the main risk is the higher Red Flag score.

AI Summary•Updated May 2026

Area

3.40 mi²

ZIP Code

02886

County

Kent County

State

Rhode Island

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$432,372

YoY+5.7%

Gross Rental Yield

6.1%

Listed rent · ZORI annualized

Red Flag Index

High

61 / 100

Walkability Score

Minimal

OpenStreetMap POI density · national percentile

Education Score

70 / 100

Excellent · better than 70% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Folly Landing Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Folly Landing, Warwick.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$432,372	+5.7%
Price / Sq Ft (Verified)	$307/sqft	+6.5%
Asking Rent (Median)	$2,213/mo	—
Gross Rental Yield	6.1%	—
Liquidity Score	31 / 100	Low
Homes Sold (Period)	95	-6.9%

Is Folly Landing Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Rhode Island crime context.

Red Flag Breakdown

61 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood80Very High

Hurricane80Very High

Wildfire60High

Earthquake60High

Strong Wind60High

Tornado40Moderate

Heat40Moderate

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Rhode Island averaged 11.9 crimes and 1.5 violent per 1,000 residents (-6.8% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 6.1%

Appreciating market — +5.7% sale-price YoY

Active transaction volume — 95 homes sold last period

Flood risk is Very High (80/100)

Hurricane risk is Very High (80/100)

Insights are generated from Folly Landing's live DistrictScore metrics.

Folly Landing Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Rhode Island-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Rhode Island Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	11.9	1.5	-6.8%
2023	12.8	1.7	-11.4%
2022	14.6	1.7	+1.9%
2021	14.3	2.0	+0.4%
2020	14.8	2.3	-16.4%
2019	17.6	2.2	—

Reported at the state level — the finest official US crime aggregation; Folly Landing inherits the Rhode Island figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Folly Landing

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor3 nearbyVery High

Aviation noise49 dBVery Low

Point-source screening near Folly Landing: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Folly Landing

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

24

Minimal

Walkability Score

1

Grocery

22

Dining

5

Schools

0

Universities

0

Hospitals

1

Pharmacies

2

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Folly Landing's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Folly Landing vs Warwick vs Rhode Island

How Folly Landing benchmarks against its city and state medians.

Benchmark vs City & State

Across Folly Landing, the median sale price sits in line with the median for Warwick neighborhoods and about 7% above the statewide median. Gross rental yield is 6.1%, against 6.1% for Warwick neighborhoods and 5.0% statewide. Over the past 12 months, prices rose 5.7%. Transaction liquidity sits in line with the median for Warwick neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Folly Landing	$307/sqft	6.1%	31
Warwick	$307/sqft	6.1%	31
Rhode Island	$287/sqft	5.0%	22

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Buying Property in the US as a Foreigner

Federal & Rhode Island tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.00% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 5.99%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: transfer tax with a high-value surcharge.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

A surcharge applies to high-value home sales.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Rhode Island property-tax guidance for foreign buyers

Latest Warwick Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Folly Landing Real Estate FAQ

Folly Landing, Warwick, Rhode Island shows a 6.1 gross yield, prices in line with Warwick, and prices about 5% above Rhode Island. Prices rose 5.7% over the past year. The Red Flag score is 61, so the profile mixes a moderate yield with stronger recent price growth and higher risk.

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