400 Narragansett Pkwy APT Wa11, Warwick, RI, 02888 | $592/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Warwick at 400 Narragansett Pkwy APT Wa11, Warwick, RI, 02888 uses $86,190 cash to close to unlock $7,108/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $2,290/mo, and a $1,273/mo payment keeps the spread at $592/mo. Purchase price stands at $260,000, and rental yield measures 10.57% with $2,290/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 147.55% and total cumulative return in cash records $127,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,290/mo property income covering a $1,273/mo payment rather than investor’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA