40 Cross StWesterlyRI02891
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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
Investment property for sale in Westerly at 40 Cross St, Westerly, RI, 02891 uses $132,269 cash to close to unlock $4,720/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,953/mo payment keeps the spread at $393/mo. Purchase price stands at $399,000, and rental yield measures 9.02% with $2,998/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 122.44% and total cumulative return in cash records $161,954. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1890
4,356 sqft 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: Karen Hanson • Stonington Realty
Mls Name: StateWide MLS RI
Mls ID: #1393863