16 Courtway StNarragansettRI02882
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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
Total monthly income runs $4,648/mo, and a $8,565/mo payment. Purchase price stands at $1,749,900, and rental yield measures 3.19% with $4,648/mo rent. Return on cash invested shows 6.03% in year one, and 5% annual appreciation builds toward $483,465 over five years. Five-year ROI reaches 28.77% and total cumulative return in cash records $163,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,648/mo property income covering a $8,565/mo payment rather than investor’s personal income.
Single Family
Built in 1930
10,018 sqft 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: Frank Denette • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1401710