104 Old Great RdNorth SmithfieldRI02896
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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 North Smithfield at 104 Old Great Rd, North Smithfield, RI, 02896 offers a 9.62% rental yield on a $499,000 purchase with $4,000/mo rent. Total monthly income registers $4,000/mo, and a $2,442/mo payment leaves $743/mo available for distribution. Annual cash flow reaches $8,916/yr on $165,419 to close, and return on cash invested stands at 25.3% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 132.18% and total cumulative return in cash at $218,646. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,000/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02896, North Smithfield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,671 (100%) |
| Owner Occupied HU | 3,460 (74.1%) |
| Renter Occupied HU | 1,036 (22.2%) |
| Vacant Housing Units | 175 ( 3.7%) |
| Median Home Value | $474,343 |
| Average Home Value | $507,164 |
Housing Distribution
Address Breakdown
Residential
4,505
Single Family
3,835
Multi-Family
670
Businesses
234
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Listed by: Brenda L. Marchwicki • BisMarc Properties, LLC
Mls Name: StateWide MLS RI
Mls ID: #1393964