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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% |
Investment property for sale in Smithfield at 720 Putnam Pike APT 704, Smithfield, RI, 02828 uses $115,992 cash to close to unlock $2,466/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,713/mo payment keeps the spread at $206/mo. Purchase price stands at $349,900, and rental yield measures 9.88% with $2,880/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash records $134,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$390 monthly 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 |
|---|---|---|
| 2025-04-07 | Listed for sale | $349,900 |
| 2017-03-17 | Sold | $195,000 |
| 2017-01-16 | Pending sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-12 | $3564.00 | 5.26% | $246,800 | N/A |
| 2023-04-12 | $3386.00 | 2.70% | $246,800 | N/A |
| 2022-04-12 | $3297.00 | -5.09% | $246,800 | 21.70% |
Listed by: Ari Tanasio • Tanasio Realty Advisors
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1380653
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
