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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 Smithfield at 7 Apple Valley Pkwy APT 8, Smithfield, RI, 02828 priced at $320,000 converts $2,880/mo rent into $791/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $9,496/yr on $106,080 invested. Return on cash invested prints 28.86% in year one, and rental yield reads 10.8% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 151.32% and total cumulative return in cash sums $160,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,381 (83.4%) |
| Renter Occupied HU | 378 (13.2%) |
| Vacant Housing Units | 96 ( 3.4%) |
| Median Home Value | $470,477 |
| Average Home Value | $518,163 |
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
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: Nichole Lavender • Re/Max Real Estate Center
Mls Name: StateWide MLS RI
Mls ID: #1395230
