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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Narragansett at 11 Lane Two, Narragansett, RI, 02882 with 5% annual appreciation on a $775,000 basis while $3,240/mo rent supports operations. 03% in year one. Equity gained on principal adds $5,001/yr, and five-year appreciation sums $214,118 alongside rental yield of 5.02%. Five-year ROI measures 55.82% and total cumulative return in cash totals $142,327. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,240/mo property income versus a $3,793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
2,526 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood data shown for ZIP Code: 02882, Narragansett, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,318 (100%) |
| Owner Occupied HU | 4,266 (45.8%) |
| Renter Occupied HU | 1,731 (18.6%) |
| Vacant Housing Units | 3,321 (35.6%) |
| Median Home Value | $784,869 |
| Average Home Value | $933,584 |
Residential
7,443
Single Family
7,228
Multi-Family
215
Businesses
466
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Listed for sale | $775,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jim Durkin • Durkin Cottage Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381873
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
