400 Narragansett Pkwy APT NB1WarwickRI02888
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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
Rental property for sale in Warwick at 400 Narragansett Pkwy APT NB1, Warwick, RI, 02888 priced at $277,600 pairs $2,486/mo rent with $366/mo cash flow after a $1,359/mo payment. Total monthly income equals $2,486/mo, and annual cash flow comes to $4,387/yr on $92,024 invested. Return on cash invested is 24.68% in year one, and rental yield stands at 10.75% on a $277,600 basis. Equity gained on principal adds $1,791/yr, and 5% annual appreciation accumulates to $76,696 by year five. Five-year ROI measures 130.32% and total cumulative return in cash reaches $119,927. For financing, Ziffy Mortgage’s DSCR program evaluates $2,486/mo property income against a $1,359/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1965
7.01 Acres lot
$N/A/sqft
$308 monthly HOA
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Listed by: Colleen Mercurio • Redfin Corporation
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384039
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.