118 Dunns Corner Rd #240WesterlyRI02891
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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 Westerly at 118 Dunns Corner Rd #240, Westerly, RI, 02891 offers a 9.14% rental yield on a $158,500 purchase with $1,207/mo rent. Total monthly income registers $1,207/mo, and a $776/mo payment leaves $172/mo available for distribution. Annual cash flow reaches $2,065/yr on $52,543 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,023/yr while 5% annual appreciation supports $43,791 over five years. Portfolio math shows five-year ROI at 124.44% and total cumulative return in cash at $65,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,207/mo property income against a $776/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
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: N/A • N/A
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Mls ID: #N/A