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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Smithfield at 5 Apple Valley Pkwy APT 12, Smithfield, RI, 02828 priced at $290,000 pairs $3,085/mo rent with $846/mo cash flow after a $1,419/mo payment. Total monthly income equals $3,085/mo, and annual cash flow comes to $10,156/yr on $96,135 invested. Return on cash invested is 30.47% in year one, and rental yield stands at 12.77% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 161.53% and total cumulative return in cash reaches $155,284. For financing, Ziffy Mortgage’s DSCR program evaluates $3,085/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$346 monthly HOA
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
| 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 |
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
Date | Event | Price |
|---|---|---|
| 2024-10-13 | Listed for sale | $290,000 |
| 2024-10-12 | Listing removed | $295,000 |
| 2024-10-09 | Price change | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $3151.00 | 2.67% | $229,700 | N/A |
| 2022-10-14 | $3069.00 | 35.86% | $229,700 | 74.15% |
| 2021-10-14 | $2259.00 | 1.89% | $131,900 | N/A |
Listed by: Dawn Wallitsch • RE/MAX Host of Homes
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1370854
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 State-Wide MLS, Inc. All rights reserved.
