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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 1125 Point Judith Rd APT E5, Narragansett, RI, 02882 earns from $3,240/mo rent with a $3,059/mo payment. Total monthly income totals $3,240/mo. ROI tracks 11.86% on current figures, and rental yield reads 6.22% at a $625,000 purchase. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 over five years. Five-year ROI reaches 61.28% and total cumulative return in cash sums $126,013. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,240/mo property income instead of your personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$566 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 |
|---|---|---|
| 2025-01-14 | Listed for sale | $625,000 |
| 2024-10-20 | Listing removed | $625,000 |
| 2024-09-30 | Listed for sale | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $4586.00 | 16.07% | $700,100 | 59.48% |
| 2023-01-28 | $3951.00 | N/A | $439,000 | N/A |
| 2022-01-28 | $3951.00 | 1.57% | $439,000 | N/A |
Listed by: Peter Roberts • RE/MAX FLAGSHIP, INC.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1375867
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.
