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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% |
Rental property for sale in Westerly at 76 Quannacut Rd #B, Westerly, RI, 02891 priced at $450,000 converts $2,400/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 13.17% in year one, and rental yield reads 6.4% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 68% and total cumulative return in cash sums $101,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$300 monthly 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 |
|---|---|---|
| 2025-04-16 | Listed for sale | $450,000 |
| 2021-04-16 | Sold | $300,000 |
| 2021-03-27 | Pending sale | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $2776.00 | 7.22% | $283,000 | 4.51% |
| 2023-04-22 | $2589.00 | N/A | $270,800 | N/A |
| 2022-04-22 | $2589.00 | -0.88% | $270,800 | 19.45% |
What's Special
Attic Storage
Listed by: Linda Mello • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381984
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
