17 Byron Dr, Westerly, RI, 02891 | $19/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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17 Byron Dr, Westerly, RI, 02891 | $19/mo Cash Flow | 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

Investment property for sale in Westerly at 17 Byron Dr, Westerly, RI, 02891 earns $19/mo cash flow from $2,466/mo rent with a $1,835/mo payment. Total monthly income totals $2,466/mo, and annual cash flow totals $222/yr on $124,313 capital. ROI tracks 20.09% on current figures, and rental yield reads 7.89% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 104.26% and total cumulative return in cash sums $129,603. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,466/mo property income instead of your personal income.

Single Family

Built in 1985

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this 3-bedroom, 2-bath raised ranch offering a great opportunity to make it your own. The main level features a comfortable living area, an eat-in kitchen, and 2 well-sized bedrooms and a full bath. In the finished lower level you'll find the third bedroom, full bath and valuable bonus spaceperfect for a family room, home office, or game room. Step outside to a fully fenced backyard designed for relaxation and fun, complete with an above-ground pool and hot tub. Additional perks include ductless AC for efficient cooling and a layout that offers flexibility for modern living. Located just minutes from downtown Westerly, shops, restaurants, beaches and I95.

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