400 Narragansett Pkwy #A-3WWarwickRI02888
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Warwick at 400 Narragansett Pkwy #A-3W, Warwick, RI, 02888 uses $67,958 cash to close to unlock $16,178/yr annual cash flow and $1,348/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,003/mo payment keeps the spread at $1,348/mo. Purchase price stands at $205,000, and rental yield measures 17.56% with $3,000/mo rent. Return on cash invested shows 43.71% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 233.02% and total cumulative return in cash records $158,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$314 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim DeRentis • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1391983
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.