18 Orchard AveSmithfieldRI02828
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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 Smithfield at 18 Orchard Ave, Smithfield, RI, 02828 with 5% annual appreciation on a $519,900 basis while $2,160/mo rent supports operations. 4% in year one. Equity gained on principal adds $3,355/yr, and five-year appreciation sums $143,639 alongside rental yield of 4.99%. Five-year ROI measures 57.64% and total cumulative return in cash totals $98,596. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $2,545/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,381 (83.4%) |
| Renter Occupied HU | 378 (13.2%) |
| Vacant Housing Units | 96 ( 3.4%) |
| Median Home Value | $470,477 |
| Average Home Value | $518,163 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
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Listed by: Heather Feid • William Raveis Inspire
Mls Name: StateWide MLS RI
Mls ID: #1404086