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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% |
Rental property for sale in Woonsocket at 116 Mill St APT 102, Woonsocket, RI, 02895 generates $2,425/mo in rent and, after a $1,395/mo payment, leaves $212/mo in cash flow. Total monthly income is $2,425/mo, and annual cash flow is $2,538/yr on $94,478 invested. Return on cash invested sits at 22.6% in year one, and rental yield is 10.21% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 119.35% and total cumulative return in cash sums $112,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,425/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$353 monthly 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 |
|---|---|---|
| 2025-03-01 | Listed for sale | $285,000 |
| 2020-04-21 | Sold | $154,500 |
| 2020-02-19 | Listed for sale | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $2633.00 | 3.99% | $181,100 | N/A |
| 2023-03-12 | $2532.00 | N/A | $181,100 | N/A |
| 2022-03-12 | $2532.00 | 11.99% | $181,100 | 90.23% |
Listed by: Joshua Audette • Keller Williams Coastal
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1379048
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.
