48 Pheasant Run #ASmithfieldRI02917
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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 48 Pheasant Run #A, Smithfield, RI, 02917 priced at $349,900 converts $2,922/mo rent into $638/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,922/mo, and annual cash flow totals $7,650/yr on $115,992 invested. Return on cash invested prints 26.5% in year one, and rental yield reads 10.02% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 138.67% and total cumulative return in cash sums $160,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,922/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Townhouse
Built in 1981
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: Beatrice Murphy • Lamacchia Realty, Inc
Mls Name: StateWide MLS RI
Mls ID: #1396609