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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Smithfield at 11 Apple Valley Pkwy APT 2, Smithfield, RI, 02828 generates $2,246/mo in rent and, after a $1,174/mo payment, leaves $441/mo in cash flow. Total monthly income is $2,246/mo, and annual cash flow is $5,294/yr on $79,527 invested. Return on cash invested sits at 26.57% in year one, and rental yield is 11.23% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 140.34% and total cumulative return in cash sums $111,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,246/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$239 monthly HOA
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,381 (83.4%) |
| Renter Occupied HU | 378 (13.2%) |
| Vacant Housing Units | 96 ( 3.4%) |
| Median Home Value | $470,477 |
| Average Home Value | $518,163 |
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $239,900 |
| 2024-06-21 | Sold | $237,567 |
| 2024-05-01 | Pending sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $2273.00 | 5.23% | $157,400 | N/A |
| 2023-04-02 | $2160.00 | 2.71% | $157,400 | N/A |
| 2022-04-02 | $2103.00 | 16.57% | $157,400 | 49.48% |
Listed by: Jason Clark • Century 21 Limitless PRG
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1381516
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
