64 Burnside Ave #72NarragansettRI02882
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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 Narragansett at 64 Burnside Ave #72, Narragansett, RI, 02882 uses $66,300 cash to close to unlock $172/yr annual cash flow and $14/mo monthly cash flow. Total monthly income runs $1,912/mo, and a $979/mo payment keeps the spread at $14/mo. Purchase price stands at $200,000, and rental yield measures 11.47% with $1,912/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 108.61% and total cumulative return in cash records $72,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,912/mo property income covering a $979/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1950
N/A lot
$N/A/sqft
$592 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02882, Narragansett, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,318 (100%) |
| Owner Occupied HU | 4,266 (45.8%) |
| Renter Occupied HU | 1,731 (18.6%) |
| Vacant Housing Units | 3,321 (35.6%) |
| Median Home Value | $784,869 |
| Average Home Value | $933,584 |
Housing Distribution
Address Breakdown
Residential
7,443
Single Family
7,228
Multi-Family
215
Businesses
466
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Listed by: N/A • N/A
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Mls ID: #N/A