144 Woonsocket Hill RdNorth SmithfieldRI02896
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Smithfield at 144 Woonsocket Hill Rd, North Smithfield, RI, 02896 listed at $539,828 pairs $3,840/mo rent with a $2,642/mo payment to leave $316/mo cash flow. Total monthly income runs $3,840/mo, and annual cash flow reaches $3,795/yr on $177,603 cash to close. Return on cash invested measures 22.2% in year one, and rental yield registers 8.54% at a $539,828 basis. Equity gained on principal adds $3,483/yr, and annual property appreciation at 5% supports $149,145 by year five. Five-year ROI tracks 115.54% and total cumulative return in cash totals $205,196. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,840/mo property income relative to a $2,642/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1902
1.02 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Plante • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1392079