567 Smithfield Rd APT 47North ProvidenceRI02904
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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 North Providence at 567 Smithfield Rd APT 47, North Providence, RI, 02904 generates $1,899/mo in rent and, after a $1,317/mo payment, leaves $143/mo in cash flow. Total monthly income is $1,899/mo, and annual cash flow is $1,712/yr on $89,174 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.47% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 113.58% and total cumulative return in cash sums $101,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,899/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02904, Providence, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,276
Single Family
10,908
Multi-Family
3,368
Businesses
1,012
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Listed by: Clifford Ponte • Keller Williams South Watuppa
Mls Name: StateWide MLS RI
Mls ID: #1395251