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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 North Providence at 300 Smithfield Rd APT 2-8, North Providence, RI, 02904 listed at $225,000 pairs $1,860/mo rent with a $1,101/mo payment to leave $149/mo cash flow. Total monthly income runs $1,860/mo, and annual cash flow reaches $1,782/yr on $74,588 cash to close. Return on cash invested measures 22.3% in year one, and rental yield registers 9.92% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 117.52% and total cumulative return in cash totals $87,657. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A lot
$N/A/sqft
$243 monthly HOA
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Date | Event | Price |
|---|---|---|
| 2025-02-05 | Listed for sale | $225,000 |
| 2025-02-03 | Listing removed | $225,000 |
| 2024-11-19 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $1842.00 | 13.42% | $110,900 | 55.76% |
| 2023-02-19 | $1624.00 | N/A | $71,200 | N/A |
| 2022-02-19 | $1624.00 | N/A | $71,200 | N/A |
Listed by: Shamila Ahmed • Shamila Ahmed, LLC
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377540
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.
