2 High StSmithfieldRI02917
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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 High St, Smithfield, RI, 02917 at $579,900 posts ROI 18.71% with from $3,571/mo rent. Total monthly income equals $3,571/mo. Return on cash invested measures 18.71% and rental yield reads 7.39% at the current $579,900. Equity gained on principal adds $3,742/yr, and 5% annual appreciation supports $160,216 by year five. Five-year ROI prints 96.84% and total cumulative return in cash totals $184,753. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,571/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
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Listed by: Garret Roberts • RI Real Estate Services
Mls Name: StateWide MLS RI
Mls ID: #1396162