56 Locust Valley 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 56 Locust Valley Rd, Exeter, RI, 02822 earns $343/mo cash flow from $5,011/mo rent with a $3,500/mo payment. Total monthly income totals $5,011/mo, and annual cash flow totals $4,118/yr on $235,235 capital. ROI tracks 21.81% on current figures, and rental yield reads 8.41% at a $715,000 purchase. Equity gained on principal adds $4,614/yr, and 5% annual appreciation supports $197,541 over five years. Five-year ROI reaches 113.47% and total cumulative return in cash sums $266,913. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,011/mo property income instead of your personal income.
Single Family
Built in 1986
4 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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Nearby investment properties with comparable prices
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