59 Briarwood Hill 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 59 Briarwood Hill Rd, Exeter, RI, 02822 uses $295,771 cash to close to unlock $12,248/yr annual cash flow and $1,021/mo monthly cash flow. Total monthly income runs $6,889/mo, and a $4,400/mo payment keeps the spread at $1,021/mo. Purchase price stands at $899,000, and rental yield measures 9.2% with $6,889/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 126.27% and total cumulative return in cash records $373,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,889/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Single Family
Built in 1998
2 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: Fitzpatrick Team • RE/MAX Results
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380182
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 2025 State-Wide MLS, Inc. All rights reserved.