18 Tarklin Pond DrNorth 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
Rental property for sale in North Smithfield at 18 Tarklin Pond Dr, North Smithfield, RI, 02896 priced at $160,000 converts $1,380/mo rent into $336/mo cash flow after a $783/mo obligation. Total monthly income equals $1,380/mo, and annual cash flow totals $4,028/yr on $53,040 invested. Return on cash invested prints 27.5% in year one, and rental yield reads 10.35% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 144.03% and total cumulative return in cash sums $76,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,380/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1950
2.08 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: Fitzpatrick Team • RE/MAX Results
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1386837
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.