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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Narragansett at 4 Lane Three, Narragansett, RI, 02882 at $449,000 posts ROI 22.4% with $309/mo cash flow from $3,240/mo rent. Total monthly income equals $3,240/mo, and annual cash flow records $3,704/yr on $148,844 to close. Return on cash invested measures 22.4% and rental yield reads 8.66% at the current $449,000. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 by year five. Five-year ROI prints 116.63% and total cumulative return in cash totals $173,596.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,240/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
1,176 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02882, Narragansett, RI area.
| 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 |
Residential
7,443
Single Family
7,228
Multi-Family
215
Businesses
466
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Frances Bidell • Flagship Real Estate Advisors
Mls Name: StateWide MLS RI
Mls ID: #1397557
