9 Champlin DrWesterlyRI02891
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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 9 Champlin Dr, Westerly, RI, 02891 earns from $2,220/mo rent with a $6,828/mo payment. Total monthly income totals $2,220/mo. ROI tracks 2.09% on current figures, and rental yield reads 1.91% at a $1,395,000 purchase. Equity gained on principal adds $9,002/yr, and 5% annual appreciation supports $385,413 over five years. Five-year ROI reaches 7.63% and total cumulative return in cash sums $34,474. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,220/mo property income instead of your personal income.
Single Family
Built in 1949
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: Dina Karousos/Nicole Lucenti Team • Serhant New England
Mls Name: StateWide MLS RI
Mls ID: #1403979