2 Hattie 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 2 Hattie Ave, Smithfield, RI, 02828 earns $242/mo cash flow from $2,526/mo rent with a $1,713/mo payment. Total monthly income totals $2,526/mo, and annual cash flow totals $2,898/yr on $115,992 capital. ROI tracks 22.41% on current figures, and rental yield reads 8.66% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $135,366. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,526/mo property income instead of your personal income.
Single Family
Built in 1930
0.25 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: Richard Olivo • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls ID: #1399394