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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Westerly, RI
Listed for sale 5 days ago
$ 499,990
ROI
22.9
Cash Flow/m
431- 4 Bed
- 2 Bath
- 1541 sft
221 Canal St, Westerly, RI, 02891
$ 499,900
ROI
22.2Cash Flow/m
337- 3 Bed
- 2 Bath
- 1946 sft
5 Benjamin St, Westerly, RI, 02891
$ 300,000
ROI
21.2Cash Flow/m
117- 4 Bed
- 2 Bath
- 1795 sft
6 Wilder Ave, Westerly, RI, 02891
$ 400,000
ROI
24.2Cash Flow/m
497- 3 Bed
- 2 Bath
- 1028 sft
7 Brookview Ct, Westerly, RI, 02891
Why Invest in Westerly, Rhode Island?
Westerly, RI offers strong investment opportunities in homes under $500K, with access to coastal appeal and stable rental demand. Proximity to beaches drives year-round tourism, supporting consistent cash flow. Average rents around $1,800/month yield solid returns for budget-conscious investors. Appreciation rates near 4% annually enhance long-term value. Renter occupancy exceeds 40%, bolstered by local employment stability.
7.2%
Avg. ROI
6.1%
Rental Yield
5.8%
Cap Rate
$420/mo
Avg. Cash Flow
$1820/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Investors see average ROI around 7.2% with cap rates of 5.8%. Rental yields average 6.1% due to strong demand. Cash flow typically hits $420/month after expenses.
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