13 Welcome RdSmithfieldRI02917
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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 Smithfield at 13 Welcome Rd, Smithfield, RI, 02917 generates $4,240/mo in rent and, after a $2,373/mo payment, leaves $1,075/mo in cash flow. Total monthly income is $4,240/mo, and annual cash flow is $12,900/yr on $160,744 invested. Return on cash invested sits at 27.93% in year one, and rental yield is 10.49% on a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 146.3% and total cumulative return in cash sums $235,171. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
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Listed by: Ed Duffy • Alltown Real Estate Group
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1394369
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.