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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 626 Smithfield Rd APT 1105, North Providence, RI, 02904 generates $2,153/mo in rent and, after a $1,468/mo payment, leaves $195/mo in cash flow. Total monthly income is $2,153/mo, and annual cash flow is $2,342/yr on $99,417 invested. Return on cash invested sits at 22.26% in year one, and rental yield is 8.61% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $115,276. 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 1988
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kerri Gemma • RE/MAX Properties
Mls Name: StateWide MLS RI
Mls ID: #1398521
