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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% |
Investment property for sale in Westerly at 223 High St APT H, Westerly, RI, 02891 with 5% annual appreciation on a $310,000 basis while $2,485/mo rent supports operations. Total monthly income totals $2,485/mo and a $1,517/mo payment preserves $118/mo for cash returns. Annual cash flow comes to $1,412/yr on $102,765 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,647 alongside rental yield of 9.62%. Five-year ROI measures 112.12% and total cumulative return in cash totals $115,219.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,485/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$344 monthly 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 |
|---|---|---|
| 2025-10-02 | Sold | $310,000 |
| 2025-09-04 | Pending sale | $349,900 |
| 2025-06-18 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1661.00 | 3.49% | $158,900 | N/A |
| 2023-11-01 | $1605.00 | N/A | $158,900 | N/A |
| 2022-11-01 | $1605.00 | -0.37% | $158,900 | 18.94% |
What's Special
Attic Storage
Listed by: Brett Fodiman • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1387947
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.
