11 Apache Dr #DWesterlyRI02891
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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
Rental property for sale in Westerly at 11 Apache Dr #D, Westerly, RI, 02891 priced at $234,900 pairs $1,613/mo rent with $79/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,613/mo, and annual cash flow comes to $952/yr on $77,869 invested. Return on cash invested is 21.13% in year one, and rental yield stands at 8.24% on a $234,900 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,899 by year five. Five-year ROI measures 109.87% and total cumulative return in cash reaches $85,557. For financing, Ziffy Mortgage’s DSCR program evaluates $1,613/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02891, Westerly, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,932 (100%) |
| Owner Occupied HU | 6,730 (52.0%) |
| Renter Occupied HU | 3,145 (24.3%) |
| Vacant Housing Units | 3,057 (23.6%) |
| Median Home Value | $496,385 |
| Average Home Value | $622,871 |
Housing Distribution
Address Breakdown
Residential
10,493
Single Family
9,863
Multi-Family
630
Businesses
1,129
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Listed by: Alpern & Mesenbourg Group • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls ID: #1400969