6 Limerock RdSmithfieldRI02917
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Smithfield at 6 Limerock Rd, Smithfield, RI, 02917 offers a 20.03% rental yield on a $719,000 purchase with $12,000/mo rent. Total monthly income registers $12,000/mo, and a $3,519/mo payment leaves $7,307/mo available for distribution. Annual cash flow reaches $87,680/yr on $236,551 to close, and return on cash invested stands at 57.13% in year one. Equity gained on principal adds $4,640/yr while 5% annual appreciation supports $198,646 over five years. Portfolio math shows five-year ROI at 302.83% and total cumulative return in cash at $716,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,000/mo property income against a $3,519/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.25 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Pisaturo • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1390379