Is Westerly, RI a good place to invest in rental property?

Westerly, RI has a median modeled monthly cash flow of $-3,064 and a median cap rate of 1.8%, on a median sold price of $530,000. Prices changed +1.7% year over year.

What is the average cap rate in Westerly, RI?

The median cap rate across recently sold homes in Westerly, RI is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Westerly, RI?

The median sold price in Westerly, RI is $530,000 (about $302 per square foot).

Investing in Westerly, RI Real Estate

A data-driven snapshot of the Westerly, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$530,000Median sold price

$302Median $/sqft

1.8%Median cap rate

$-3,064Modeled cash flow / mo

+1.7%Appreciation YoY

6.5Months of supply

124Active listings

228Sold (last 12 mo)

What the Westerly numbers say

In Westerly, RI, the median home sold for $530,000 (about $302 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-3,064 of monthly cash flow. Sold prices moved +1.7% over the past year. Inventory sits at about 6.5 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See Westerly cash-flowing listings

CashFlowRE ranks every for-sale home in Westerly, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Westerly deals, or browse the national market data.