300 Smithfield RdNorth 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, North Providence, RI, 02904 uses $72,930 cash to close to unlock $5,084/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,077/mo payment keeps the spread at $424/mo. Purchase price stands at $220,000, and rental yield measures 10.15% with $1,860/mo rent. Return on cash invested shows 26.88% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 140.67% and total cumulative return in cash records $102,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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: Zhiyu Ding • Longvin Realty Inc
Mls Name: StateWide MLS RI
Mls ID: #1389520