318 Saint Paul StNorth SmithfieldRI02896
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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
Rental property for sale in North Smithfield at 318 Saint Paul St, North Smithfield, RI, 02896 offers $2,753/mo rent that, after a $2,124/mo payment. Total monthly income is $2,753/mo. Return on cash invested measures 19.24% in year one, and rental yield stands at 7.61% at a $434,000 entry. Equity gained on principal adds $2,801/yr while 5% annual appreciation compounds into $119,906 by year five. Five-year ROI records 99.73% and total cumulative return in cash reaches $143,482. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,753/mo property income versus a $2,124/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02896, North Smithfield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,671 (100%) |
| Owner Occupied HU | 3,460 (74.1%) |
| Renter Occupied HU | 1,036 (22.2%) |
| Vacant Housing Units | 175 ( 3.7%) |
| Median Home Value | $474,343 |
| Average Home Value | $507,164 |
Housing Distribution
Address Breakdown
Residential
4,505
Single Family
3,835
Multi-Family
670
Businesses
234
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Listed by: Janet Dolber • DeVries Dolber Realty
Mls Name: StateWide MLS RI
Mls ID: #1388095