83 Silas Hill WayExeterRI02822
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Nearby investment properties with comparable prices
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 83 Silas Hill Way, Exeter, RI, 02822 priced at $659,900 pairs $4,963/mo rent with $655/mo cash flow after a $3,230/mo payment. Total monthly income equals $4,963/mo, and annual cash flow comes to $7,862/yr on $217,107 invested. Return on cash invested is 23.68% in year one, and rental yield stands at 9.03% on a $659,900 basis. Equity gained on principal adds $4,258/yr, and 5% annual appreciation accumulates to $182,318 by year five. Five-year ROI measures 123.5% and total cumulative return in cash reaches $268,130. For financing, Ziffy Mortgage’s DSCR program evaluates $4,963/mo property income against a $3,230/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2020
N/A 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: Caitlin Clement • Coast to Country Realty
Mls Name: StateWide MLS RI
Mls ID: #1388422