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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 North Providence at 565 Smithfield Rd APT B4, North Providence, RI, 02904 generates $2,153/mo in rent and, after a $1,199/mo payment, leaves $204/mo in cash flow. Total monthly income is $2,153/mo, and annual cash flow is $2,446/yr on $81,218 invested. Return on cash invested sits at 22.92% in year one, and rental yield is 10.55% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 121.3% and total cumulative return in cash sums $98,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,153/mo property income rather than buyer’s personal income.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,909 (100%) |
| Owner Occupied HU | 7,560 (50.7%) |
| Renter Occupied HU | 6,589 (44.2%) |
| Vacant Housing Units | 760 ( 5.1%) |
| Median Home Value | $378,322 |
| Average Home Value | $423,426 |
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
Date | Event | Price |
|---|---|---|
| 2025-03-07 | Listed for sale | $245,000 |
| 2025-02-25 | Listing removed | $235,000 |
| 2025-01-12 | Pending sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $2935.00 | -4.55% | $176,700 | 31.08% |
| 2023-03-18 | $3075.00 | N/A | $134,800 | N/A |
| 2022-03-18 | $3075.00 | N/A | $134,800 | N/A |
Listed by: Slocum Home Team • SLOCUM
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379517
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 2025 State-Wide MLS, Inc. All rights reserved.
