250 Ray AveWoonsocketRI02895
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 250 Ray Ave, Woonsocket, RI, 02895 with 5% annual appreciation on a $399,000 basis while $3,401/mo rent supports operations. Total monthly income totals $3,401/mo and a $1,953/mo payment preserves $796/mo for cash returns. Annual cash flow comes to $9,556/yr on $132,269 deployed, and return on cash invested reaches 27.13% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 10.23%. Five-year ROI measures 142.05% and total cumulative return in cash totals $187,886.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,401/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pat Robitaille • Fontaine Real Estate, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1397191