66 Dean Ave, Smithfield, RI, 02917 | $791/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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66 Dean Ave, Smithfield, RI, 02917 | $791/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 Smithfield at 66 Dean Ave, Smithfield, RI, 02917 offers a 10.4% rental yield on a $369,999 purchase with $3,206/mo rent. Total monthly income registers $3,206/mo, and a $1,811/mo payment leaves $791/mo available for distribution. Annual cash flow reaches $9,488/yr on $122,655 to close, and return on cash invested stands at 27.64% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 144.77% and total cumulative return in cash at $177,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,206/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1910

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

?? Bonus Feature: This home includes solar panels valued at $40,000, which were installed just over two years ago and will be completely paid in fullproviding long-term energy savings with no lease or loan to assume! Charming Ranch in the Heart of Smithfield! Welcome to 66 Dean Avenue, a beautifully maintained 3-bedroom, 1-bath bungalow nestled in one of Smithfields most convenient neighborhoods. This home offers easy, multi-level living with a spacious layout, hardwood floors, and plenty of natural light throughout. ? The updated kitchen features stainless steel appliances, ample cabinet space, and a cosy dining area perfect for everyday meals or entertaining guests. The bright and inviting living room provides the ideal space to relax or gather with loved ones. Enjoy three bedrooms and a newly updated full bathroom. The lower level offers plenty of room for storage. Step outside to a backyard perfect for summer barbecues or quiet mornings with coffee. The detached garage adds convenience, and the location cant be beatclose to shopping, dining, schools, and major highways. This home also features Solar panels to help with Energy Cost Schedule your appointment today Don't miss your chance to own this move-in-ready gem in desirable Smithfield!

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