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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% |
Investment property for sale in North Smithfield at 2 Cedar Forest Rd, North Smithfield, RI, 02896 offers a 8.49% rental yield on a $679,900 purchase with $4,813/mo rent. Total monthly income registers $4,813/mo, and a $3,328/mo payment leaves $375/mo available for distribution. Annual cash flow reaches $4,494/yr on $223,687 to close, and return on cash invested stands at 22.07% in year one. Equity gained on principal adds $4,387/yr while 5% annual appreciation supports $187,844 over five years. Portfolio math shows five-year ROI at 114.84% and total cumulative return in cash at $256,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,813/mo property income against a $3,328/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
2.08 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02896, North Smithfield, RI area.
| 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 |
Residential
4,505
Single Family
3,835
Multi-Family
670
Businesses
234
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $679,900 |
| 2025-04-13 | Pending sale | $679,900 |
| 2025-04-06 | Listed for sale | $679,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-19 | $6929.00 | 6.19% | $469,100 | N/A |
| 2023-04-19 | $6525.00 | N/A | $469,100 | N/A |
| 2022-04-19 | $6525.00 | 1.38% | $469,100 | 18.73% |
What's Special
Attic Storage
Listed by: Dave Boisvert • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1378425
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.
