36 Old Louisquisset Pike #106North 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
Investment property for sale in North Smithfield at 36 Old Louisquisset Pike #106, North Smithfield, RI, 02896 earns $236/mo cash flow from $3,107/mo rent with a $2,153/mo payment. Total monthly income totals $3,107/mo, and annual cash flow totals $2,826/yr on $145,827 capital. ROI tracks 21.85% on current figures, and rental yield reads 8.48% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 113.68% and total cumulative return in cash sums $165,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,107/mo property income instead of your personal income.
Condo
Built in 2025
N/A 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: Irene Schmitt • CrossRoads Real Estate Group
Mls Name: MLS PIN
Mls ID: #73414382