8 Tonkawa AveWesterlyRI02891
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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 8 Tonkawa Ave, Westerly, RI, 02891 at $589,900 posts ROI 16.44% with from $3,265/mo rent. Total monthly income equals $3,265/mo. Return on cash invested measures 16.44% and rental yield reads 6.64% at the current $589,900. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 by year five. Five-year ROI prints 84.66% and total cumulative return in cash totals $164,313. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,265/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
0.48 Acres 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: Francesca Gallonio • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls ID: #1390478