944 Greenville AveSmithfieldRI02828
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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 Smithfield at 944 Greenville Ave, Smithfield, RI, 02828 generates $3,512/mo in rent and, after a $2,202/mo payment, leaves $575/mo in cash flow. Total monthly income is $3,512/mo, and annual cash flow is $6,900/yr on $149,172 invested. Return on cash invested sits at 24.53% in year one, and rental yield is 9.37% on a $449,990 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,324 over five years. Five-year ROI reaches 128.12% and total cumulative return in cash sums $191,115. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,512/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.52 Acres 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: Kassi Mazzucco • Compass
Mls Name: StateWide MLS RI
Mls ID: #1390314