175 Bonnet Point Rd #D40NarragansettRI02882
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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 #D40, Narragansett, RI, 02882 listed at $150,000 pairs $1,150/mo rent with a $734/mo payment. Total monthly income runs $1,150/mo. Return on cash invested measures 19.76% in year one, and rental yield registers 9.2% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 104.05% and total cumulative return in cash totals $51,738. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,150/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A lot
$N/A/sqft
$2,126 annually 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: Team KEY • KEY Real Estate Services
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1378876
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.