300 Smithfield Rd APT 5-28North ProvidenceRI02904
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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 North Providence at 300 Smithfield Rd APT 5-28, North Providence, RI, 02904 earns from $1,342/mo rent with a $979/mo payment. Total monthly income totals $1,342/mo. ROI tracks 17.38% on current figures, and rental yield reads 8.05% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 90.94% and total cumulative return in cash sums $60,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,342/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$176 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Sally Rianna • RE/MAX Preferred
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380385
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.