110 Mill St APT 102WoonsocketRI02895
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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 Woonsocket at 110 Mill St APT 102, Woonsocket, RI, 02895 generates $2,088/mo in rent and, after a $1,279/mo payment, leaves $382/mo in cash flow. Total monthly income is $2,088/mo, and annual cash flow is $4,584/yr on $86,654 invested. Return on cash invested sits at 25.2% in year one, and rental yield is 9.59% on a $261,400 entry. Equity gained on principal adds $1,687/yr, while 5% annual appreciation builds toward $72,220 over five years. Five-year ROI reaches 131.71% and total cumulative return in cash sums $114,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,088/mo property income rather than buyer’s personal income.
Condo
Built in 2004
435 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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