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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% |
Rental property for sale in Smithfield at 35 Waterview Dr UNIT C, Smithfield, RI, 02917 priced at $475,000 converts $3,479/mo rent into $78/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,479/mo, and annual cash flow totals $938/yr on $157,463 invested. Return on cash invested prints 20.5% in year one, and rental yield reads 8.79% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 107.33% and total cumulative return in cash sums $169,003. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,479/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,210 (100%) |
| Owner Occupied HU | 4,016 (77.1%) |
| Renter Occupied HU | 1,003 (19.3%) |
| Vacant Housing Units | 191 ( 3.7%) |
| Median Home Value | $478,603 |
| Average Home Value | $532,500 |
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Sold | $475,000 |
| 2025-07-18 | Pending sale | $449,000 |
| 2025-07-16 | Listed for sale | $449,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $4338.00 | 5.27% | $300,400 | N/A |
| 2023-10-19 | $4121.00 | 2.69% | $300,400 | N/A |
| 2022-10-19 | $4013.00 | -5.53% | $300,400 | 21.13% |
Listed by: Aaron Coutu • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1390170
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.
