23 Aspen Ln, Smithfield, RI, 02828 | $57/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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23 Aspen Ln, Smithfield, RI, 02828 | $57/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Smithfield at 23 Aspen Ln, Smithfield, RI, 02828 offers a 7.92% rental yield on a $825,000 purchase with $5,442/mo rent. Total monthly income registers $5,442/mo, and a $4,038/mo payment leaves $57/mo available for distribution. Annual cash flow reaches $678/yr on $271,425 to close, and return on cash invested stands at 20.31% in year one. Equity gained on principal adds $5,324/yr while 5% annual appreciation supports $227,932 over five years. Portfolio math shows five-year ROI at 105.41% and total cumulative return in cash at $286,113. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,442/mo property income against a $4,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1992

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

Best value in town! Tucked away in the storybook Village in the Woods neighborhood in the highly desirable Greenville section, this stately colonial checks all the boxes PLUS! With 2,925 sq ft above grade plus a finished walkout lower, this spacious & sun-filled 4-bed, 2.5 bath beauty offers room to grow, entertain, and relax. Be wowed by the open floorplan eat-in kitchena stylish hub w/ granite counters +stainless appliancesflowing seamlessly into the family rm. Youll love the formal dining rm, and theres even a flex room perfect for a home office, playroom, or elegant living rm. Hardwoods shine on both the 1st & 2nd flrs. Massive primary suite is your own personal retreatwith a huge walk-in closet and a spa-like ensuite featuring double granite vanities and a tiled oversized shower with glass enclosure. The two secondary bedrooms offer double closets & plenty of space, while the enormous 4th bedroom over the garage is ideal for a guest suite, shared bedroom, movie lounge, home gym, or epic kids playroom! Finished walkout lower level offers even more living space, with clean white drywall and low-maintenance laminate flooringperfect for a game room, hangout zone, or studio. Your private two-tiered backyard is framed by mature pines & shady treesperfect for summer nights around the fire pit, a trampoline, or a playset. All this, plus town water & sewer & natural gas. Quiet, tucked-away location just minutes from schools, shops, dining, & highways.

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