CCertihomes
5 Martin, Narragansett, RI 02882

$849,000

5 beds 3 baths 1,830 sqft Built 1965Active

About this home

Turnkey investment property! Rented for the 2024 summer and the 24/25 Academic Year. Fully furnished. Nestled in the South End of Narragansett, this expansive 5-bedroom, 3-bathroom ranch offers generous living spaces! Situated in a family-friendly neighborhood at the end of a dead-end street, and just minutes away from picturesque beaches, scenic coastal trails, and Narragansett Pier. Upon entry, an open living area seamlessly blends with an eat-in kitchen, creating a welcoming atmosphere. At the south end of the house, three bedrooms and two full bathrooms await, alongside a utility room equipped with a washer/dryer and storage for linens/beach towels. Adjacent to the kitchen, a fourth bedroom serves as the gateway to the separate guest quarters, while the fifth bedroom resides within this private space, boasting its own full bathroom. The fourth bedroom can be locked so that this space offers guests their own sanctuary, complete with a separate living and dining area. With a separate entrance on the north side of the house and a charming small deck, guests can enjoy peace and seclusion. The sun porch off the kitchen provides a bright and airy retreat, seamlessly transitioning to the outdoor deck and yard, perfect for sipping coffee or hosting summer barbecues. A small, fenced area off the deck ensures your pets can revel in the outdoors alongside you. A spacious shed adds practicality, providing storage for bikes and outdoor essentials. Natural gas heating and central A/C.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$5,754/mo

Real estate (PITI + HOA + PMI)
$5,304
Principal + interest$3,851
Property tax + insurance$1,135
PMI / 2nd mortgage$318
Utilities
$1,074
Heating + cooling$384
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$136
Car insurance + maintenance$136
Other (entertainment)
$140
$5,754/mo TLC
Budget$6,254/mo
Remaining after TLC$500/mo
Purchase price
$849,000
Down payment
$42,450 (5%)
Loan amount
$806,550
APR
4%

Quick facts

Type
Residential
Style
Ranch
Year built
1965
Lot size
0.26 ac
Stories
0
Heating
Electric, Natural Gas, Baseboard, Gas Connected
Cooling
Central Air
Water
Connected
HOA
Annual tax
$3,631
MLS #
1358920
County
Washington

At a glance

Air conditioning
Basement

Home features

Appliances
Electric Water Heater
Parking
No Garage
Fireplace
None
Flooring
Other
Sewer
Connected

Neighborhood — 02882

MetricThis ZIPCountyUSA
Population13,0091,095,423299,088,112
Population Change Since199015.00%9.00%20.00%
Population Density863994
Male6,286529,266147,432,321
Female6,723566,157151,655,844
Never Married4,397266,40463,775,926
Married4,987435,678123,120,365
Separated17943,64212,639,686
Widowed59866,66815,467,586
Divorced1,28783,84323,075,029
Number Of House Hold5,017410,399111,826,380
Average House Hold Size2.592.562.60
Medial Age35.2037.2735.46
Median House Hold Income$54,698$47,553$48,276
Average House Hold Income$71,904$61,609$63,629
P C I$27,842$23,965$24,529
M D I$45,810$40,634$41,133
A T H E$56,033$49,940$50,898
S T R7.00%7.00%
W C J78.40%78.02%77.74%
(Zip) Code
2882

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/11/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

5 Martin · Narragansett — $849,000 · Certihomes