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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 17 Indian Run Trl, Smithfield, RI, 02917 offers $2,759/mo rent that, after a $1,272/mo payment, leaves $1,063/mo cash flow. Total monthly income is $2,759/mo, and annual cash flow is $12,750/yr on $86,157 cash. Return on cash invested measures 34.71% in year one, and rental yield stands at 12.74% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 182.68% and total cumulative return in cash reaches $157,390. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,759/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.26 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Richard Tessier • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1394988
