9 Apache Dr #JWesterlyRI02891
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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 9 Apache Dr #J, Westerly, RI, 02891 priced at $222,000 pairs $2,236/mo rent with $786/mo cash flow after a $1,087/mo payment. Total monthly income equals $2,236/mo, and annual cash flow comes to $9,437/yr on $73,593 invested. Return on cash invested is 32.73% in year one, and rental yield stands at 12.09% on a $222,000 basis. Equity gained on principal adds $1,433/yr, and 5% annual appreciation accumulates to $61,335 by year five. Five-year ROI measures 172.08% and total cumulative return in cash reaches $126,639. For financing, Ziffy Mortgage’s DSCR program evaluates $2,236/mo property income against a $1,087/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
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
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Listed by: Denise Fusaro • BHHS New England Properties
Mls Name: StateWide MLS RI
Mls ID: #1385909