125 Smith Ave UNIT 1BSmithfieldRI02828
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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 Smithfield at 125 Smith Ave UNIT 1B, Smithfield, RI, 02828 listed at $349,900 pairs $3,073/mo rent with a $1,713/mo payment to leave $789/mo cash flow. Total monthly income runs $3,073/mo, and annual cash flow reaches $9,462/yr on $115,992 cash to close. Return on cash invested measures 28.07% in year one, and rental yield registers 10.54% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 147.05% and total cumulative return in cash totals $170,562. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,073/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
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Listed by: Michael Pinelli • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1394278