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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 North Providence at 626 Smithfield Rd APT 604, North Providence, RI, 02904 listed at $384,900 pairs $3,046/mo rent with a $1,884/mo payment to leave $188/mo cash flow. Total monthly income runs $3,046/mo, and annual cash flow reaches $2,260/yr on $127,594 cash to close. Return on cash invested measures 21.68% in year one, and rental yield registers 9.5% at a $384,900 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,341 by year five. Five-year ROI tracks 113.98% and total cumulative return in cash totals $145,431. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,046/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$345 monthly 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $384,900 |
| 2023-07-31 | Sold | $357,500 |
| 2023-06-16 | Pending sale | $329,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-09 | $4706.00 | -0.15% | $283,300 | 37.12% |
| 2023-05-09 | $4713.00 | N/A | $206,600 | N/A |
| 2022-05-09 | $4713.00 | N/A | $206,600 | N/A |
Listed by: Nina Coulombe • Keller Williams South Watuppa
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383517
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.
