3 Piezzo 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 Piezzo Dr, Westerly, RI, 02891 priced at $1,150,000 converts $3,600/mo rent into after a $5,629/mo obligation. Total monthly income equals $3,600/mo. Return on cash invested prints 7.79% in year one, and rental yield reads 3.76% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 38.19% and total cumulative return in cash sums $142,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.70 Acres 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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Listed by: Robin Knisley • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1385571