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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Woonsocket at 112 Lemay Rd, Woonsocket, RI, 02895 at $420,000 posts ROI 16.89% with from $2,392/mo rent. Total monthly income equals $2,392/mo. Return on cash invested measures 16.89% and rental yield reads 6.83% at the current $420,000. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 by year five. Five-year ROI prints 87.1% and total cumulative return in cash totals $121,267. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,392/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02895, Woonsocket, RI area.
| 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 |
Residential
17,434
Single Family
13,667
Multi-Family
3,767
Businesses
1,186
Date | Event | Price |
|---|---|---|
| 2025-07-02 | Sold | $420,000 |
| 2025-06-10 | Pending sale | $409,900 |
| 2025-05-21 | Contingent | $409,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $3663.00 | 4.00% | $251,900 | N/A |
| 2023-10-11 | $3522.00 | N/A | $251,900 | N/A |
| 2022-10-11 | $3522.00 | -7.02% | $251,900 | 57.93% |
Listed by: Robin Chudnow-Marsh • Coldwell Banker Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1383750
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.
