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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% |
Investment property for sale in Westerly at 9 Haswell St, Westerly, RI, 02891 uses $148,346 cash to close to unlock $8,149/yr annual cash flow and $679/mo monthly cash flow. Total monthly income runs $3,600/mo, and a $2,190/mo payment keeps the spread at $679/mo. Purchase price stands at $447,500, and rental yield measures 9.65% with $3,600/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $123,636 over five years. Five-year ROI reaches 132.76% and total cumulative return in cash records $196,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,600/mo property income covering a $2,190/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-10 | Listed for sale | $447,500 |
| 2024-06-06 | Sold | $225,000 |
| 2024-04-11 | Pending sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $2343.00 | N/A | $232,000 | N/A |
| 2022-10-14 | $2343.00 | 2.54% | $232,000 | 22.43% |
| 2021-10-14 | $2285.00 | 1.74% | $189,500 | N/A |
Listed by: Kimber Pope Kettlety • Coldwell Banker Coastal Homes
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370647
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 2024 State-Wide MLS, Inc. All rights reserved.
