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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Westerly at 15 Rabbit Run, Westerly, RI, 02891 offers $3,488/mo rent that, after a $7,317/mo payment. Total monthly income is $3,488/mo. Return on cash invested measures 4.83% in year one, and rental yield stands at 2.8% at a $1,495,000 entry. Equity gained on principal adds $9,647/yr while 5% annual appreciation compounds into $413,041 by year five. Five-year ROI records 22.37% and total cumulative return in cash reaches $108,337. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,488/mo property income versus a $7,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02891, Westerly, RI area.
| 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 |
Residential
10,493
Single Family
9,863
Multi-Family
630
Businesses
1,129
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $1,495,000 |
| 2025-05-27 | Pending sale | $1,595,000 |
| 2025-03-16 | Listed for sale | $1,595,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-08 | $8258.00 | 1.09% | $841,800 | -1.49% |
| 2023-09-08 | $8169.00 | N/A | $854,500 | N/A |
| 2022-09-08 | $8169.00 | 13.90% | $854,500 | 37.25% |
Listed by: Lori Joyal • Lila Delman Compass
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379723
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
