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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 13 Red Wing Trl, Smithfield, RI, 02917 offers $3,149/mo rent that, after a $2,007/mo payment, leaves $472/mo cash flow. Total monthly income is $3,149/mo, and annual cash flow is $5,668/yr on $135,915 cash. Return on cash invested measures 24.08% in year one, and rental yield stands at 9.22% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 125.66% and total cumulative return in cash reaches $170,795. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,149/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,210 (100%) |
| Owner Occupied HU | 4,016 (77.1%) |
| Renter Occupied HU | 1,003 (19.3%) |
| Vacant Housing Units | 191 ( 3.7%) |
| Median Home Value | $478,603 |
| Average Home Value | $532,500 |
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
Date | Event | Price |
|---|---|---|
| 2025-08-02 | Listed for sale | $410,000 |
| 2025-07-08 | Listing removed | $410,000 |
| 2025-06-17 | Contingent | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-05 | $3798.00 | 5.27% | $263,000 | N/A |
| 2023-08-05 | $3608.00 | 2.68% | $263,000 | N/A |
| 2022-08-05 | $3514.00 | -2.95% | $263,000 | 24.41% |
Listed by: Danielle Kiser • LPT Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1391652
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.
