80 Smythe StMiddletownRI02842
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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
Rental property for sale in Middletown at 80 Smythe St, Middletown, RI, 02842 generates $2,254/mo in rent and, after a $1,023/mo payment, leaves $879/mo in cash flow. Total monthly income is $2,254/mo, and annual cash flow is $10,550/yr on $69,284 invested. Return on cash invested sits at 35.14% in year one, and rental yield is 12.94% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 185.09% and total cumulative return in cash sums $128,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,254/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3,898 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02842, Middletown, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,132 (51.4%) |
| Renter Occupied HU | 2,978 (37.0%) |
| Vacant Housing Units | 932 (11.6%) |
| Median Home Value | $602,926 |
| Average Home Value | $695,340 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,650
Multi-Family
818
Businesses
912
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Listed by: Chris Zimmerman • eXp Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1384564
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.