36 Old Louisquisset Pike #308North 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 #308, North Smithfield, RI, 02896 uses $132,567 cash to close to unlock $4,270/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $2,966/mo, and a $1,957/mo payment keeps the spread at $356/mo. Purchase price stands at $399,900, and rental yield measures 8.9% with $2,966/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 120.55% and total cumulative return in cash records $159,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,966/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Condo
Built in 2024
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: StateWide MLS RI
Mls ID: #1403576