1143 Point Judith Rd #1145NarragansettRI02882
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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
Investment Highlights
Investment property for sale in Narragansett at 1143 Point Judith Rd #1145, Narragansett, RI, 02882 earns from $4,740/mo rent with a $8,320/mo payment. Total monthly income totals $4,740/mo. ROI tracks 6.52% on current figures, and rental yield reads 3.35% at a $1,699,900 purchase. Equity gained on principal adds $10,969/yr, and 5% annual appreciation supports $469,651 over five years. Five-year ROI reaches 31.4% and total cumulative return in cash sums $172,956. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,740/mo property income instead of your personal income.
Multi Family
Built in 1950
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02882, Narragansett, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,443
Single Family
7,228
Multi-Family
215
Businesses
466
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Listed by: Allen Gammons • BHHS Commonwealth Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379163
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.