7 Compass Way #D101WesterlyRI02891
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7 Compass Way #D101, Westerly, RI, 02891 offers a 2.25% rental yield on a $1,190,000 purchase with $2,236/mo rent. 15% in year one. Equity gained on principal adds $7,679/yr while 5% annual appreciation supports $328,775 over five years. Portfolio math shows five-year ROI at 13.35% and total cumulative return in cash at $51,472. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,236/mo property income against a $5,824/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Azzinaro • RE/MAX South County
Mls Name: StateWide MLS RI
Mls ID: #1392886