111 Sayles Hill 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
Rental property for sale in North Smithfield at 111 Sayles Hill Rd, North Smithfield, RI, 02896 offers $3,594/mo rent that, after a $2,203/mo payment, leaves $656/mo cash flow. Total monthly income is $3,594/mo, and annual cash flow is $7,872/yr on $149,175 cash. Return on cash invested measures 25.19% in year one, and rental yield stands at 9.58% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 131.58% and total cumulative return in cash reaches $196,278. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,594/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.92 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: Noonan / Lombardi Team • Noonan/Lombardi, REALTORS
Mls Name: StateWide MLS RI
Mls ID: #1401192