5 Stoneridge Rd, Smithfield, RI, 02917 | 5.59% Rental Yield

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Price: $300K - 500K

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5 Stoneridge Rd, Smithfield, RI, 02917 | 5.59% 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

Rental property for sale in Smithfield at 5 Stoneridge Rd, Smithfield, RI, 02917 priced at $899,000 converts $4,188/mo rent into after a $4,400/mo obligation. Total monthly income equals $4,188/mo. Return on cash invested prints 13.24% in year one, and rental yield reads 5.59% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 67.51% and total cumulative return in cash sums $199,666. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,188/mo property income covering a $4,400/mo payment, not borrower’s personal income.

Single Family

Built in 2025

6,250 sqft lot

$N/A/sqft

No HOA

More details about the property

First phase nearly sold out- act fast! Just a short drive from downtown Providence and only 45 minutes from Boston, West River Estates is Smithfields premier new developmentoffering an exclusive blend of community, tranquility, and elevated lifestyle. This brand-new, meticulously crafted residence offers over 2,300 square feet of living space, with an additional 1,000 square feet in the finished walkout basement with soaring 9-foot ceilings. The main floor features a spacious living room, formal dining area, powder room, and a chefs kitchen designed for both beauty and function. The expansive primary suite includes a spa-inspired bathroom, walk-in closet, and second double closet. Three additional generously sized bedrooms, a full bathroom with soaking tub, and a dedicated laundry room complete the second floor. Every detail of this home is designed with luxury and comfort in mind: Gourmet Kitchen LG appliances, quartz counters, double ovens, wine cooler, and premium finishes. Smart Sound System Built-in ceiling speakers on the main floor for immersive audio. Spa-Like Primary Bath Shower with integrated jets for daily rejuvenation. Indoor-Outdoor Living Balcony off the kitchen with gas grill hookup plus walkout basement to private yard. Gas fireplace, two-zone HVAC, and gas dryer ensure comfort and savings. All luxury upgrades are included as part of a limited-time promotional price. Top rated public schools! Possible ADU.

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