Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Smithfield at 20 Tamarac Dr #C, Smithfield, RI, 02828 priced at $369,000 converts $3,092/mo rent into $350/mo cash flow after a $1,806/mo obligation. Total monthly income equals $3,092/mo, and annual cash flow totals $4,204/yr on $122,324 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 10.06% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 122.91% and total cumulative return in cash sums $150,351. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,092/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
$333 monthly HOA
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
| 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 |
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $369,000 |
| 2017-07-28 | Sold | $205,000 |
| 2013-06-07 | Sold | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $3866.00 | 5.25% | $267,700 | N/A |
| 2023-04-04 | $3673.00 | 2.71% | $267,700 | N/A |
| 2022-04-04 | $3576.00 | 4.81% | $267,700 | 34.39% |
Listed by: Larissa Truppa • J. Christopher Real Estate Grp
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379802
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.
