118 Dunns Corner Rd #292, Westerly, RI, 02891 | 9.2% Rental Yield

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118 Dunns Corner Rd #292, Westerly, RI, 02891 | 9.2% Rental Yield | Ziffy

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

Rental property for sale in Westerly at 118 Dunns Corner Rd #292, Westerly, RI, 02891 generates $919/mo in rent, after a $587/mo payment. Total monthly income is $919/mo. Return on cash invested sits at 4.4% in year one, and rental yield is 9.2% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 27.32% and total cumulative return in cash sums $10,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $919/mo property income rather than buyer’s personal income.

Manufactured

Built in 2009

N/A lot

$N/A/sqft

$650 monthly HOA

More details about the property

Welcome to this bright well maintained 2009 Breckinridge park model with double loft. The bedroom includes a queen size bed, ceiling fan, large closet, and an oversized window overlooking the beautifully landscaped backyard. Kitchen includes a dining table, beverage cooler for entertaining and is open to the living room with a sofa, electric fireplace with wood mantel, and 55 inch TV. Bathroom includes full size tub and shower. Upstairs loft has additional sleeping space. in total this park model can comfortably accommodate 6 people. The adjacent sunroom includes a custom cabinet for extra storage and sectional couch with table. Large front deck includes high top table for two and oversized chairs while the back deck has a sectional couch situated under a pergola with a new sun shade. Backyard includes large outdoor shower, shed with new metal roof for keeping bikes, beach gear, and other essentials organized and out of sight. Also, included is an electric golf cart.

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