Off-Market Property at 90 Meadow Tree Farm Rd, Saunderstown, RI, 02874
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90 Meadow Tree Farm Rd, Saunderstown, RI, 02874

$995,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $636 per day, based on similar listings in the area. Estimated short-term cap rate of 0.1%. Your private oasis awaits in this custom home set on 5.5 acres in Meadow Tree Farm, a private South Kingstown neighborhood just east of URI, close to the beaches/Narragansett, downtown Wakefield and all that South County has to offer! This quality-constructed "Contemporary Cape" offers 4br/3.5 baths including a first-floor primary suite with luxurious updated en suite bathroom with over-sized tile walk-in shower, changing area & walk-in-closet. Also on 1st floor is the great room w/cathedral ceilings and fireplace, separate formal dining room, eat-in-kitchen, 2 additional bedrooms, plus separate full and half baths + laundry. Upstairs offers a beautiful light-filled "solar den" with gas fireplace overlooking the spacious landscaped backyard. Also upstairs you'll find the 4th bedroom, full bathroom and a versatile bonus room. The finished walk-out lower-level offers an additional 1000+sf of light & bright heated/cooled flexible space perfect for rec. room, in-home business, or even in-law potential! BUT WAIT, THERE'S MORE: a heated in-ground pool with new liner and updated heat pump + outdoor shower. DON'T LIKE PAYING BILLS? There's a full PV solar array set on a newer roof! (pays for annual elect. - records available). DON'T LIKE BEING IN THE DARK? There's a 11kw whole-house standby generator! Central A/C, gas heat, 2-car integral garage, and more. Fantastic location & value - shown by appointment only.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$500
Rental Policy
daily
Yearly Taxes
$9315
Bedrooms
4
Bathrooms
4
SQFT
3,674
Furnished
unknown
Year built
1993
Listing Status
Off Market
MLS
1355689

Short-term Rental Potential
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$79,440

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$270

Price/SQFT