WESTERLY Investment Analysis

Investment Property in WESTERLY, RI

Home Investment Performance Rent Prices Top Properties Attractions Insights

WESTERLY, RI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 675,000

Median

1,978

Avg/Sq.ft.

CASH ON CASH RETURN

4.00%

Traditional

2.00%

Airbnb

RENTAL INCOME

$ 3,296

Traditional

$ 3,611

Airbnb

RENTAL INCOME

$ 3,296

Traditional

$ 3,611

Airbnb

NUMBER OF PROPERTIES

40

Investment

128

Airbnb

29

Traditional

33%

Airbnb occupancy rate

WESTERLY, RI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,025	$ 1,999	$ 3,611	$ 2,969
Traditional	$ 1,805	$ 1,900	$ 1,995	$ 23,750

Airbnb

1 ROOM	$ 2,025
2 ROOMS	$ 1,999
3 ROOMS	$ 3,611
4 ROOMS	$ 2,969

Traditional

1 ROOM	$ 1,805
2 ROOMS	$ 1,900
3 ROOMS	$ 1,995
4 ROOMS	$ 23,750

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Investment Properties for Sale in WESTERLY, RI

$300,000

MLS 1399214

23 Pond Street, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 3 baths 945 sq.ft.

CAP RATE Trad. 7.93% Airbnb 7.89%

Analyze Property

$439,000

MLS 1395246

4 North Joseph Street, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,296 sq.ft.

CAP RATE Trad. 5.61% Airbnb 5.08%

Analyze Property

$439,000

MLS 1399936

23 Canterbury Drive, Westerly, RI 02808

Westerly

Single Family Residential

3 beds 2 baths 1,496 sq.ft.

CAP RATE Trad. 6.01% Airbnb 5.04%

Analyze Property

$499,000

MLS 1399435

19 Nichols Lane, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,348 sq.ft.

CAP RATE Trad. 4.90% Airbnb 4.45%

Analyze Property

$489,000

MLS 1398764

23 Hillview Drive, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,960 sq.ft.

CAP RATE Trad. 5.65% Airbnb 4.33%

Analyze Property

$530,300

MLS 1400383

5 Boy Scout Drive, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,425 sq.ft.

CAP RATE Trad. 4.69% Airbnb 3.98%

Analyze Property

$450,000

MLS 1400074

14 Springbrook Road, Westerly, RI 02891

Westerly

Single Family Residential

4 beds 1 baths 1,227 sq.ft.

CAP RATE Trad. 4.79% Airbnb 3.73%

Analyze Property

$550,000

MLS 1396515

54 Sherwood Drive, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 3 baths 2,592 sq.ft.

CAP RATE Trad. 5.47% Airbnb 3.58%

Analyze Property

Single Family Houses for Sale in WESTERLY, RI

$300,000

MLS 1399214

23 Pond Street, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 3 baths 945 sq.ft.

CAP RATE Trad. 7.93% Airbnb 7.89%

Analyze Property

$439,000

MLS 1395246

4 North Joseph Street, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,296 sq.ft.

CAP RATE Trad. 5.61% Airbnb 5.08%

Analyze Property

$439,000

MLS 1399936

23 Canterbury Drive, Westerly, RI 02808

Westerly

Single Family Residential

3 beds 2 baths 1,496 sq.ft.

CAP RATE Trad. 6.01% Airbnb 5.04%

Analyze Property

$499,000

MLS 1399435

19 Nichols Lane, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,348 sq.ft.

CAP RATE Trad. 4.90% Airbnb 4.45%

Analyze Property

$489,000

MLS 1398764

23 Hillview Drive, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,960 sq.ft.

CAP RATE Trad. 5.65% Airbnb 4.33%

Analyze Property

$530,300

MLS 1400383

5 Boy Scout Drive, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 2 baths 1,425 sq.ft.

CAP RATE Trad. 4.69% Airbnb 3.98%

Analyze Property

$450,000

MLS 1400074

14 Springbrook Road, Westerly, RI 02891

Westerly

Single Family Residential

4 beds 1 baths 1,227 sq.ft.

CAP RATE Trad. 4.79% Airbnb 3.73%

Analyze Property

$550,000

MLS 1396515

54 Sherwood Drive, Westerly, RI 02891

Westerly

Single Family Residential

3 beds 3 baths 2,592 sq.ft.

CAP RATE Trad. 5.47% Airbnb 3.58%

Analyze Property

Condos for Sale in WESTERLY, RI

$234,900

MLS 1400969

11 Apache Drive #D, Westerly, RI 02891

Westerly

Condo/Coop

2 beds 1 baths 920 sq.ft.

CAP RATE Trad. 5.17% Airbnb 3.23%

Analyze Property

$255,000

MLS 1396908

140 High Street #307, Westerly, RI 02891

Westerly

Condo/Coop

1 beds 1 baths 649 sq.ft.

CAP RATE Trad. 5.26% Airbnb 3.19%

Analyze Property

$310,000

MLS 1400640

17 Apache Drive #G, Westerly, RI 02891

Westerly

Condo/Coop

2 beds 1 baths 920 sq.ft.

CAP RATE Trad. 4.88% Airbnb 2.28%

Analyze Property

$1,400,000

MLS 1400346

6 Newbury Drive, Westerly, RI 02891

Westerly

Condo/Coop

2 beds 4 baths 2,478 sq.ft.

CAP RATE Trad. 0.88% Airbnb -1.09

Analyze Property

Airbnb Vacation Rentals in WESTERLY, RI

$241 per night Airbnb occupancy rate 16%

Apartment 3 · 1 · 6

Sweet Retreat Circa 1900 Restaurants, Park, Beach Westerly, Rhode Island, United States

Rental Income: $1,165 per month

4.98

399

$238 per night Airbnb occupancy rate 34%

House 4 · 1.5 · 6

BarreCoast Stay: beach pass, casinos, vineyards Westerly, Rhode Island, United States

Rental Income: $2,479 per month

4.95

392

$147 per night Airbnb occupancy rate 68%

Condominium 1 · 1 · 2

Cozy Condo.Walk to the Misquamicut Beach. Unit 1 Westerly, Rhode Island, United States

Rental Income: $3,063 per month

4.79

233

$181 per night Airbnb occupancy rate 32%

Entire cottage 3 · 1 · 5

Westerly, Charming Cottage blocks from downtown Westerly, Rhode Island, United States

Rental Income: $1,735 per month

4.63

228

$135 per night Airbnb occupancy rate 33%

Guest suite 1 · 1 · 2

Adorable in-law apartment with private entrance! Westerly, Rhode Island, United States

Rental Income: $1,361 per month

4.92

206

$167 per night Airbnb occupancy rate 29%

Apartment 2 · 1 · 4

THE COOL HOUSE Westerly, Rhode Island, United States

Rental Income: $1,489 per month

4.99

202

$351 per night Airbnb occupancy rate 49%

Entire cottage 3 · 1 · 6

Misquamicut Beach cottage Westerly, Rhode Island, United States

Rental Income: $5,207 per month

4.61

174

$289 per night Airbnb occupancy rate 13%

Guest suite 1 · 1 · 3

Room with a View on Spring Pond Westerly, Rhode Island, United States

Rental Income: $1,108 per month

4.96

157

Real Estate Investment Analysis - Other Cities in rhode island

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Warwick	$449,900	5%	2%	$2,819	$2,424	149	36%
Cranston	$499,900	4%	1%	$3,059	$1,699	96	31%
Pawtucket	$459,950	5%	1%	$2,963	$1,708	86	36%
Coventry	$499,950	5%	1%	$3,056	$2,882	66	36%
Newport	$1,350,000	1%	1%	$3,600	$3,531	61	32%
East Greenwich	$535,000	3%	1%	$2,981	$1,973	55	35%
East Providence	$449,000	4%	1%	$2,800	$1,699	53	32%
Portsmouth	$792,500	2%	1%	$3,645	$3,929	42	32%
Westerly	$675,000	4%	2%	$3,296	$3,611	40	33%
Narragansett	$997,500	2%	1%	$3,408	$2,815	34	26%

View all rhode island cities

$ 675,000

Median

1,978

Avg/Sq.ft.

4.00%

Traditional

2.00%

Airbnb

$ 3,296

Traditional

$ 3,611

Airbnb

$ 3,296

Traditional

$ 3,611

Airbnb

40

Investment

128

Airbnb

29

Traditional

33%

Airbnb occupancy rate

Perks & Corks

8.5

Wilcox Park

8.3

Alley Katz Bowling Center

7.9

Westerly Public Library

7.4

Chorus Of Westerly

7.3

Watch Hill Carousel

7.7

Watch Hill Carousel

7.7

Denison Pequotsepos Nature Center

7.9

Lantern Hill Hiking Trail

7.9

Camp Yawgoog

7.6

Sleeping Giant Hiking Trail

8.8

Beebe Woods

7.5

Manfredi Farms

8.3

Misquamicut Beach

8.4

Weekapaug Breachway

8.4

Weekapaug Lookout

8.4

Watch Hill Lighthouse

8.5

Misquamicut Club

7.7

Shelter Harbor Beach

7.8

Denison Pequotsepos Nature Center

7.9

Stonington Point

7.6

Dunes Park Beach

7.3

Dubois Beach

7.5

Burlingame State Park

7.6

B.F. Clyde's Cider Mill

9.3

Charles W. Morgan

8

Fort Griswold Battlefield State Park

8.9

Fort Trumbull State Park

7.8

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