400 Narragansett Pkwy APT SB9,Warwick,RI,02888

Investment Highlights

Investment property for sale in Warwick at 400 Narragansett Pkwy APT SB9, Warwick, RI, 02888 offers a 9.11% rental yield on a $409,000 purchase with $3,104/mo rent. Total monthly income registers $3,104/mo, and a $2,002/mo payment leaves $434/mo available for distribution. Annual cash flow reaches $5,208/yr on $135,584 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $2,639/yr while 5% annual appreciation supports $112,999 over five years. Portfolio math shows five-year ROI at 123.87% and total cumulative return in cash at $167,949. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,104/mo property income against a $2,002/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.