24 Arthur AveWoonsocketRI02895
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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 24 Arthur Ave, Woonsocket, RI, 02895 priced at $352,000 converts $3,046/mo rent into $748/mo cash flow after a $1,723/mo obligation. Total monthly income equals $3,046/mo, and annual cash flow totals $8,977/yr on $116,688 invested. Return on cash invested prints 27.6% in year one, and rental yield reads 10.38% against a $352,000 entry. Equity gained on principal adds $2,271/yr, while 5% annual appreciation compiles into $97,251 by year five. Five-year ROI reaches 144.58% and total cumulative return in cash sums $168,702. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,046/mo property income covering a $1,723/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.57 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: Mike Bogolawski • RIMa Properties
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1373851
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.