125 Smith Ave UNIT 8F, Smithfield, RI, 02828 | 6.91% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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125 Smith Ave UNIT 8F, Smithfield, RI, 02828 | 6.91% Rental Yield | 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 125 Smith Ave UNIT 8F, Smithfield, RI, 02828 listed at $375,000 pairs $2,160/mo rent with a $1,835/mo payment. Total monthly income runs $2,160/mo. Return on cash invested measures 17.13% in year one, and rental yield registers 6.91% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 88.42% and total cumulative return in cash totals $109,923. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,835/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

More details about the property

OPEN HOUSE CANCELLED ON SATURDAY 9/27. ALL OFFERS DUE BY NOON 10/27. Welcome to 125 Smith Ave. #8F, Orchard Gate Condominiums! Meticulously maintained end-unit townhouse offering an abundance of natural light with two skylights and multiple windows. The first floor features an open layout with living room, half bath, kitchen with bar seating, and dining area with slider to a private patio abutting an apple orchard. The second floor includes two spacious bedrooms, each with walk-in closets, and a full bathroom. The finished lower level provides a bonus room, cedar closet, laundry, and storage space. Recent updates include Harvey replacement windows, new wall-to-wall carpet (2023, no pets/no shoes), hot water tank with flood prevention system (2020), updated electric panel, and roof replacement (2020). Additional features include central air, gas heat, and two assigned parking spaces. Conveniently located near shopping, restaurants, and major highways with easy access to Boston and Providence.

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