597 S County Route 2 Trl UNIT 304ExeterRI02822
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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 597 S County Route 2 Trl UNIT 304, Exeter, RI, 02822 offers a 18.67% rental yield on a $270,000 purchase with $4,200/mo rent. Total monthly income registers $4,200/mo, and a $1,322/mo payment leaves $2,239/mo available for distribution. Annual cash flow reaches $26,868/yr on $89,505 to close, and return on cash invested stands at 49.93% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 265.22% and total cumulative return in cash at $237,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
2.17 Acres lot
$N/A/sqft
$198 monthly 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: Robert Marcello • Fieldstone Properties, Inc.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370755
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.