353 Summit Rd, Exeter, RI, 02822 | 5.99% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

353 Summit Rd, Exeter, RI, 02822 | 5.99% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
5 Bath
4120 sft

175 Whitehall Ave, Mystic, CT, 06355

4 Bed
1 Bath
1540 sft

75 Spring St, Hope Valley, RI, 02832

6 Bed
4 Bath
2592 sft

2286 Gold Star Hwy, Mystic, CT, 06355

2 Bed
2 Bath
1247 sft

3 Water Street, Mystic, CT, 06355

Nearby investment properties with comparable prices

3 Bed
3 Bath
2018 sft

153 North Rd, Hopkinton, RI, 02833

5 Bed
3 Bath
3638 sft

32 Sable Drive, Ledyard, CT, 06339

4 Bed
2 Bath
3341 sft

2 Elm St, Westerly, RI, 02891

3 Bed
3 Bath
2022 sft

2 Seawinds Ter, Westerly, RI, 02891

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Exeter at 353 Summit Rd, Exeter, RI, 02822 generates $3,420/mo in rent, after a $3,353/mo payment. Total monthly income is $3,420/mo. Return on cash invested sits at 14.46% in year one, and rental yield is 5.99% on a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 74.06% and total cumulative return in cash sums $166,894. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,420/mo property income rather than buyer’s personal income.

Single Family

Built in 1998

2.68 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience the warmth and charm of true log home living! This property is nestled in a picturesque, rural and beautifully landscaped 2+ acre lot that abuts Arcadia Management Park. It features cathedral ceilings, open floor plan, hardwood floors throughout, gorgeous field stone hearth with Soapstone wood stove, option of first or second floor master bedroom, spacious open family den with open balcony, wrap around porch, green house, two additional sheds, and a detached 2 car garage with a third bay add-on and living quarters above with a kitchenette, bathroom, old fashioned cooktop wood stove, cedar walk-in closet and knotty pine tongue and groove throughout. Short drive to highway access, restaurants, shopping, golf and recreational facilities. Connect to nature and enjoy camping, hiking or exploring nearby trails just steps from your backyard. Whether youre seeking a private vacation getaway or a year-round home, this log cabin combines natural beauty with a peaceful country lifestyle!

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