1575 Victory HwyNorth SmithfieldRI02896
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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
Investment property for sale in North Smithfield at 1575 Victory Hwy, North Smithfield, RI, 02896 listed at $501,000 pairs $3,634/mo rent with a $2,452/mo payment to leave $364/mo cash flow. Total monthly income runs $3,634/mo, and annual cash flow reaches $4,364/yr on $164,829 cash to close. Return on cash invested measures 22.71% in year one, and rental yield registers 8.7% at a $501,000 basis. Equity gained on principal adds $3,233/yr, and annual property appreciation at 5% supports $138,417 by year five. Five-year ROI tracks 118.27% and total cumulative return in cash totals $194,938. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,634/mo property income relative to a $2,452/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.49 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
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Listed by: Brendan Duckworth • Real Broker, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1390295
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.