402 Pinewood DrSmithfieldRI02917
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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 Smithfield at 402 Pinewood Dr, Smithfield, RI, 02917 offers $2,447/mo rent that, after a $1,468/mo payment, leaves $489/mo cash flow. Total monthly income is $2,447/mo, and annual cash flow is $5,870/yr on $99,417 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 9.79% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 134.99% and total cumulative return in cash reaches $134,200. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,447/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
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Listed by: Jeannine Iozzo • Lamacchia Realty, Inc
Mls Name: StateWide MLS RI
Mls ID: #1400926