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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 61 Boombridge Rd, Westerly, RI, 02891 earns $747/mo cash flow from $3,293/mo rent with a $1,909/mo payment. Total monthly income totals $3,293/mo, and annual cash flow totals $8,964/yr on $129,285 capital. ROI tracks 26.84% on current figures, and rental yield reads 10.13% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 140.46% and total cumulative return in cash sums $181,592. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,293/mo property income instead of your personal income.
Single Family
Built in 1954
1.17 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-09-02 | Sold | $390,000 |
| 2025-07-21 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $3347.00 | 2.61% | $341,200 | N/A |
| 2023-10-22 | $3262.00 | N/A | $341,200 | N/A |
| 2022-10-22 | $3262.00 | 1.30% | $341,200 | 22.08% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
