157 South RdExeterRI02822
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Exeter at 157 South Rd, Exeter, RI, 02822 with 5% annual appreciation on a $535,000 basis while $3,420/mo rent supports operations. 56% in year one. Equity gained on principal adds $3,452/yr, and five-year appreciation sums $147,811 alongside rental yield of 7.67%. Five-year ROI measures 101.43% and total cumulative return in cash totals $178,540. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,420/mo property income versus a $2,619/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02822, Exeter, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,599 (100%) |
| Owner Occupied HU | 2,081 (80.1%) |
| Renter Occupied HU | 304 (11.7%) |
| Vacant Housing Units | 214 ( 8.2%) |
| Median Home Value | $596,731 |
| Average Home Value | $719,963 |
Housing Distribution
Address Breakdown
Residential
2,371
Single Family
2,370
Multi-Family
1
Businesses
216
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Listed by: Jean Allard • Keystone Real Estate Group
Mls Name: StateWide MLS RI
Mls ID: #1402417