175 Bonnet Point Rd #B44NarragansettRI02882
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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 175 Bonnet Point Rd #B44, Narragansett, RI, 02882 listed at $195,000 pairs $1,528/mo rent with a $954/mo payment to leave $256/mo cash flow. Total monthly income runs $1,528/mo, and annual cash flow reaches $3,066/yr on $64,643 cash to close. Return on cash invested measures 24.65% in year one, and rental yield registers 9.4% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 128.74% and total cumulative return in cash totals $83,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,528/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A 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: Sharon Ford • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1402209