227 Elder Ballou Meeting House RdWoonsocketRI02895
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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 227 Elder Ballou Meeting House Rd, Woonsocket, RI, 02895 with 5% annual appreciation on a $699,900 basis while $2,114/mo rent supports operations. 27% in year one. Equity gained on principal adds $4,516/yr, and five-year appreciation sums $193,369 alongside rental yield of 3.62%. Five-year ROI measures 35.46% and total cumulative return in cash totals $81,644. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,114/mo property income versus a $3,426/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
2.16 Acres 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: Jacob Rochefort • Mott & Chace Sotheby's Intl.
Mls Name: StateWide MLS RI
Mls ID: #1387266