103 Summer StWoonsocketRI02895
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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
Investment property for sale in Woonsocket at 103 Summer St, Woonsocket, RI, 02895 uses $125,913 cash to close to unlock $14,503/yr annual cash flow and $1,209/mo monthly cash flow. Total monthly income runs $3,688/mo, and a $1,859/mo payment keeps the spread at $1,209/mo. Purchase price stands at $379,828, and rental yield measures 11.65% with $3,688/mo rent. Return on cash invested shows 31.43% in year one, and 5% annual appreciation builds toward $104,939 over five years. Five-year ROI reaches 165.06% and total cumulative return in cash records $207,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,688/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1878
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02895, Woonsocket, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,850 (100%) |
| Owner Occupied HU | 7,080 (35.7%) |
| Renter Occupied HU | 11,367 (57.3%) |
| Vacant Housing Units | 1,403 ( 7.1%) |
| Median Home Value | $343,428 |
| Average Home Value | $368,259 |
Housing Distribution
Address Breakdown
Residential
17,434
Single Family
13,667
Multi-Family
3,767
Businesses
1,186
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Listed by: Michael Plante • Residential Properties Ltd.
Mls Name: StateWide MLS RI
Mls ID: #1399592