Off-Market Property at 170 Riverdell Dr, Saunderstown, RI, 02874
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170 Riverdell Dr, Saunderstown, RI, 02874

$689,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $303 per day and long-term for an average of $2,800 per month, based on similar listings in the area. Estimated short-term cap rate of 0.6%. Estimated long-term cap rate of -1.9%. WONDERFUL LOCATION! 2 Houses down from the path to Narrow River. There you can enjoy canoeing, kayaking, swimming, or just sit and enjoy the peace and tranquility. This lovely ranch style home is in move-in condition with all living on 1 level. A new kitchen with granite countertops, beautiful hardwood floors that continue into the grate room area with a brick fireplace. Hardwoods continue into the living room with large picture window to let in natural light. All 3 bedrooms have brand new carpets. Both full baths have been updated. There is a nice sunroom that overlooks the pretty back yard. New carpets too! All interior walls newly painted. Large unfinished basement makes for convenient storage. Attached 2 car garage with integral entrance to home. This is a wonderful home for primary, vacation or investment.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2708
Bedrooms
3
Bathrooms
2
SQFT
1,520
Furnished
unknown
Year built
1984
Listing Status
Off Market
MLS
1352071

Short-term Rental Potential
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$50,532

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$453

Price/SQFT

Long-term Rental Potential
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$33,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,800/mo

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