7 Tamarac Dr #FSmithfieldRI02828
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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
Investment Highlights
Investment property for sale in Smithfield at 7 Tamarac Dr #F, Smithfield, RI, 02828 earns $812/mo cash flow from $3,226/mo rent with a $1,810/mo payment. Total monthly income totals $3,226/mo, and annual cash flow totals $9,742/yr on $122,622 capital. ROI tracks 27.85% on current figures, and rental yield reads 10.47% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 145.89% and total cumulative return in cash sums $178,894. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,226/mo property income instead of your personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02828, Greenville, RI area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,087
Single Family
2,651
Multi-Family
436
Businesses
340
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Listed by: Donna Haynes Dwyer • eXp Realty
Mls Name: StateWide MLS RI
Mls ID: #1387325