4 Hillcrest Ave, Smithfield, RI, 02828 | 6.48% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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4 Hillcrest Ave, Smithfield, RI, 02828 | 6.48% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Smithfield at 4 Hillcrest Ave, Smithfield, RI, 02828 with 5% annual appreciation on a $399,900 basis while $2,160/mo rent supports operations. 83% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 6.48%. Five-year ROI measures 81.44% and total cumulative return in cash totals $107,960. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1952

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Heres a home to please first-time buyers, downsizers, and everyone in between. This 2-bedroom Ranch offers an open floor plan and easy one-level living in the scenic and sought-after Greenville neighborhood in Smithfield. A spacious quarter-acre lot lets you create an ideal outdoor space for gardening or relaxing with a good book. Proximity to Putnam Pike makes trips to local attractions a breeze. Warm hardwood floors accent the interior as you walk into the large vestibule coming from the attached garage or front door. Walk out to the new stone patio for memorable summer entertaining. A full bath and a primary bedroom large enough for a king size bed round out this perfect modern home. For extra comfort, convenience, and peace of mind, a newer roof (8 years), efficiency boiler, full basement, laundry, and ample storage are already in place. Note: Contingent on seller finding suitable housing (under contract). Located minutes from shopping, including the Apple Valley Mall and The Crossing at Smithfield. Spend the day outdoors at the Blackstone Gorge or head to Wrights Farm and grab local goods. Nearby Route 295 offers convenient travel and will help you arrive in downtown Providence in 20 minutes to visit award-winning theaters and restaurants. * More photos to follow

Neighborhood Data

Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,855 (100%)
Owner Occupied HU	2,381 (83.4%)
Renter Occupied HU	378 (13.2%)
Vacant Housing Units	96 ( 3.4%)
Median Home Value	$470,477
Average Home Value	$518,163