45 George 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
Rental property for sale in Westerly at 45 George St, Westerly, RI, 02891 generates $3,048/mo in rent and, after a $2,080/mo payment, leaves $274/mo in cash flow. Total monthly income is $3,048/mo, and annual cash flow is $3,286/yr on $140,888 invested. Return on cash invested sits at 22.24% in year one, and rental yield is 8.61% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 115.79% and total cumulative return in cash sums $163,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,048/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
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: Chad Raiche • Town & Shore Realty
Mls Name: StateWide MLS RI
Mls ID: #1393704