15 Woodland AveSmithfieldRI02917
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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 15 Woodland Ave, Smithfield, RI, 02917 generates $3,154/mo in rent, after a $2,692/mo payment. Total monthly income is $3,154/mo. Return on cash invested sits at 17.17% in year one, and rental yield is 6.88% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 88.55% and total cumulative return in cash sums $160,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,154/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.30 Acres 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: Jessica Azarian • RIGHT PLACE AT THE RIGHT TIME REALTY LLC
Mls Name: My State MLS
Mls ID: #11581961