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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% |
Investment property for sale in Smithfield at 6 Grouse Trl #B, Smithfield, RI, 02917 at $360,000 posts ROI 22.03% with $211/mo cash flow from $2,956/mo rent. Total monthly income equals $2,956/mo, and annual cash flow records $2,532/yr on $119,340 to close. Return on cash invested measures 22.03% and rental yield reads 9.85% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 116.09% and total cumulative return in cash totals $138,537.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,956/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1981
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
| 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 |
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
Date | Event | Price |
|---|---|---|
| 2025-09-29 | Sold | $360,000 |
| 2025-08-22 | Pending sale | $360,000 |
| 2025-08-09 | Contingent | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $3285.00 | 5.25% | $227,500 | N/A |
| 2023-10-30 | $3121.00 | 2.70% | $227,500 | N/A |
| 2022-10-30 | $3039.00 | -14.99% | $227,500 | 9.01% |
Listed by: Greg Coupe • Long Realty, Inc.
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1391328
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.
