626 Smithfield Rd APT 704, North Providence, RI, 02904 | $97/mo Cash Flow

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626 Smithfield Rd APT 704, North Providence, RI, 02904 | $97/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Providence at 626 Smithfield Rd APT 704, North Providence, RI, 02904 earns $97/mo cash flow from $2,153/mo rent with a $1,542/mo payment. Total monthly income totals $2,153/mo, and annual cash flow totals $1,158/yr on $104,423 capital. ROI tracks 21.02% on current figures, and rental yield reads 8.2% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 109.25% and total cumulative return in cash sums $114,077. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,153/mo property income instead of your personal income.

Townhouse

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the sought-after St. James Condominiums! This spacious 2-bedroom, 2-bath unit combines comfort and convenience in a beautifully maintained community. The light-filled interior features an open living and dining area with gas fireplace, a well-appointed kitchen completely renovated in 2022, and two generously sized bedrooms with new hardwoods, including a primary suite with its own full bath. With plenty of storage and in-unit laundry, this condo offers both practicality and ease of living. Set in a stately brick building with manicured grounds, the St. James development is known for its desirable location close to shopping, dining, and commuter routes. A wonderful opportunity for anyone seeking a home, which has been lovingly renovated throughout with attention to detail, located in a prime setting!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02904, Providence, RI area.

Housing Distribution

Housing Statistics

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