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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 Smithfield at 3 Old Tavern Ln, Smithfield, RI, 02828 with 5% annual appreciation on a $500,000 basis while $3,695/mo rent supports operations. Total monthly income totals $3,695/mo and a $2,447/mo payment preserves $431/mo for cash returns. Annual cash flow comes to $5,176/yr on $165,750 deployed, and return on cash invested reaches 23.03% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 8.87%. Five-year ROI measures 120.04% and total cumulative return in cash totals $198,968.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,695/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
10,018 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-03 | Sold | $500,000 |
| 2025-05-15 | Pending sale | $450,000 |
| 2025-05-06 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $5317.00 | 5.25% | $368,200 | N/A |
| 2023-10-16 | $5052.00 | 2.70% | $368,200 | N/A |
| 2022-10-16 | $4919.00 | 2.12% | $368,200 | 30.94% |
Listed by: Paul ZARRELLA • Williams & Stuart Real Estate
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383900
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.
