400 Narragansett Pkwy APT Sc7WarwickRI02888
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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 Warwick at 400 Narragansett Pkwy APT Sc7, Warwick, RI, 02888 offers a 7.46% rental yield on a $399,500 purchase with $2,483/mo rent. 78% in year one. Equity gained on principal adds $2,578/yr while 5% annual appreciation supports $110,374 over five years. Portfolio math shows five-year ROI at 97.25% and total cumulative return in cash at $128,787. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,483/mo property income against a $1,955/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
919.12 sqft lot
$N/A/sqft
No HOA
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Listed by: Margaret Boland • Empire RE Group, ERA Powered
Mls Name: StateWide MLS RI
Mls ID: #1403624