








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 Smithfield at 720 Putnam Pike APT 603, Smithfield, RI, 02828 uses $122,324 cash to close to unlock $5,656/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,806/mo payment keeps the spread at $471/mo. Purchase price stands at $369,000, and rental yield measures 9.37% with $2,880/mo rent. Return on cash invested shows 24.53% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 128.1% and total cumulative return in cash records $156,699. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Condo
Built in 2003
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: Bob Kenneally • Williams & Stuart Real Estate
Mls Name: StateWide MLS RI
Mls ID: #1398412