3 Blue Heron DrWesterlyRI02891
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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 3 Blue Heron Dr, Westerly, RI, 02891 priced at $725,000 pairs $5,462/mo rent with $199/mo cash flow after a $3,549/mo payment. Total monthly income equals $5,462/mo, and annual cash flow comes to $2,386/yr on $238,525 invested. Return on cash invested is 21.06% in year one, and rental yield stands at 9.04% on a $725,000 basis. Equity gained on principal adds $4,678/yr, and 5% annual appreciation accumulates to $200,304 by year five. Five-year ROI measures 110.4% and total cumulative return in cash reaches $263,321. For financing, Ziffy Mortgage’s DSCR program evaluates $5,462/mo property income against a $3,549/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
$530 monthly 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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Listed by: Bill HOLLIDAY • Coldwell Banker Coastal Homes
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380824
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.