99 Indian Run TrlSmithfieldRI02917
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
Investment Highlights
Investment property for sale in Smithfield at 99 Indian Run Trl, Smithfield, RI, 02917 listed at $475,000 pairs $3,360/mo rent with a $2,325/mo payment to leave $259/mo cash flow. Total monthly income runs $3,360/mo, and annual cash flow reaches $3,110/yr on $157,463 cash to close. Return on cash invested measures 21.88% in year one, and rental yield registers 8.49% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 113.9% and total cumulative return in cash totals $179,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,360/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02917, Smithfield, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,210 (100%) |
| Owner Occupied HU | 4,016 (77.1%) |
| Renter Occupied HU | 1,003 (19.3%) |
| Vacant Housing Units | 191 ( 3.7%) |
| Median Home Value | $478,603 |
| Average Home Value | $532,500 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,814
Multi-Family
371
Businesses
731
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Allin • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1397419