1 Magnum Ct APT 7, Smithfield, RI, 02917 | $877/mo Cash Flow

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1 Magnum Ct APT 7, Smithfield, RI, 02917 | $877/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Smithfield at 1 Magnum Ct APT 7, Smithfield, RI, 02917 with 5% annual appreciation on a $385,000 basis while $3,390/mo rent supports operations. Total monthly income totals $3,390/mo and a $1,884/mo payment preserves $877/mo for cash returns. Annual cash flow comes to $10,526/yr on $127,628 deployed, and return on cash invested reaches 28.16% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 10.57%. Five-year ROI measures 147.54% and total cumulative return in cash totals $188,302.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,390/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome Home to Apple Valley Estates, Smithfield RI, conveniently located near many amenities including restaurants, shopping and highway access. This gorgeous town home has seen many updates and offers a spacious open floor plan. The first floor includes a bright living room with large picture window, dining room with new sliding door to the deck, beautiful refinished hardwood floors, a half bathroom and kitchen with brand new quarts counter tops and stainless steel appliances. Upstairs includes 2 large bedrooms and an updated bathroom with new tub/shower insert. Downstairs is a huge finished basement and laundry area. additional highlights include central air, fresh paint throughout, new water heater, recent siding replacement and assigned Parking for 2 cars right in front of the unit. Nothing to do but just move in.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,210 (100%)
Owner Occupied HU	4,016 (77.1%)
Renter Occupied HU	1,003 (19.3%)
Vacant Housing Units	191 ( 3.7%)
Median Home Value	$478,603
Average Home Value	$532,500