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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 Lofty Heights Rd, Westerly, RI, 02891 at $695,000 posts ROI 15.14% with from $3,600/mo rent. Total monthly income equals $3,600/mo. Return on cash invested measures 15.14% and rental yield reads 6.22% at the current $695,000. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 by year five. Five-year ROI prints 77.68% and total cumulative return in cash totals $177,630. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
0.37 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 |
|---|---|---|
| 2025-08-09 | Listed for sale | $695,000 |
| 2025-07-25 | Contingent | $695,000 |
| 2025-07-22 | Listed for sale | $695,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-12 | $3657.00 | 17.29% | $372,800 | 14.32% |
| 2023-08-12 | $3118.00 | N/A | $326,100 | N/A |
| 2022-08-12 | $3118.00 | 4.11% | $326,100 | 25.42% |
Listed by: Roberta Huntington • Coldwell Banker Coastal Homes
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1390639
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.
