77 N Main StSmithfieldRI02876
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow77 N Main St, Smithfield, RI, 02876 in Smithfield earns its strong cash-flow label: 11.18% yield, $2,794/mo rent, $836/mo net income, DSCR 2.07. The $299,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $82,857 by year five. Combined with $2,762/yr in principal paydown, total projected return reaches $167,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.8% |
| Monthly Cash Flow | $836 | $1,850 |
City averages based on Smithfield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,794 |
| Total Monthly Debt Service | $1,838 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1875
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02876, Slatersville, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 384 (100%) |
| Owner Occupied HU | 220 (57.3%) |
| Renter Occupied HU | 127 (33.1%) |
| Vacant Housing Units | 37 ( 9.6%) |
| Median Home Value | $465,789 |
| Average Home Value | $495,682 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
1
Multi-Family
296
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1875
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02876, Slatersville, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 384 (100%) |
| Owner Occupied HU | 220 (57.3%) |
| Renter Occupied HU | 127 (33.1%) |
| Vacant Housing Units | 37 ( 9.6%) |
| Median Home Value | $465,789 |
| Average Home Value | $495,682 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
1
Multi-Family
296
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: StateWide MLS RI
Mls ID: #1417768