118 Dunns Corner Rd UNIT 150WesterlyRI02891
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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 118 Dunns Corner Rd UNIT 150, Westerly, RI, 02891 generates $892/mo in rent and, after a $563/mo payment, leaves $141/mo in cash flow. Total monthly income is $892/mo, and annual cash flow is $1,694/yr on $38,123 invested. Return on cash invested sits at 24.35% in year one, and rental yield is 9.31% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 127.26% and total cumulative return in cash sums $48,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $892/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
1,500 sqft 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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