61 Stillwater RdSmithfieldRI02917
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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 Smithfield at 61 Stillwater Rd, Smithfield, RI, 02917 priced at $749,999 pairs $2,554/mo rent with after a $3,671/mo payment. Total monthly income equals $2,554/mo. Return on cash invested is 8.67% in year one, and rental yield stands at 4.09% on a $749,999 basis. Equity gained on principal adds $4,840/yr, and 5% annual appreciation accumulates to $207,211 by year five. Five-year ROI measures 42.98% and total cumulative return in cash reaches $106,061. For financing, Ziffy Mortgage’s DSCR program evaluates $2,554/mo property income against a $3,671/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1860
0.39 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
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Listed by: Millie Ocampo • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1402427