249 Bell Schoolhouse 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
Rental property for sale in Exeter at 249 Bell Schoolhouse Rd, Exeter, RI, 02822 priced at $1,699,900 converts $3,420/mo rent into after a $8,320/mo obligation. Total monthly income equals $3,420/mo. Return on cash invested prints 3.64% in year one, and rental yield reads 2.41% against a $1,699,900 entry. Equity gained on principal adds $10,969/yr, while 5% annual appreciation compiles into $469,651 by year five. Five-year ROI reaches 15.98% and total cumulative return in cash sums $88,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,420/mo property income covering a $8,320/mo payment, not borrower’s personal income.
Single Family
Built in 2002
27.50 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: The Stearns McGee Team • RE/MAX Properties
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1362574
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 2024 State-Wide MLS, Inc. All rights reserved.