175 Bonnet Point Rd #PW26NarragansettRI02882
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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 #PW26, Narragansett, RI, 02882 listed at $158,500 pairs $2,221/mo rent with a $776/mo payment to leave $1,009/mo cash flow. Total monthly income runs $2,221/mo, and annual cash flow reaches $12,107/yr on $52,543 cash to close. Return on cash invested measures 42.95% in year one, and rental yield registers 16.82% at a $158,500 basis. Equity gained on principal adds $1,023/yr, and annual property appreciation at 5% supports $43,791 by year five. Five-year ROI tracks 228.31% and total cumulative return in cash totals $119,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,221/mo property income relative to a $776/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
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: Bob Bailey • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386838
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.