26 Conrad St, Woonsocket, RI, 02895 | 5.78% Rental Yield

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26 Conrad St, Woonsocket, RI, 02895 | 5.78% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Woonsocket at 26 Conrad St, Woonsocket, RI, 02895 priced at $474,900 converts $2,288/mo rent into after a $2,324/mo obligation. Total monthly income equals $2,288/mo. Return on cash invested prints 13.72% in year one, and rental yield reads 5.78% against a $474,900 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation compiles into $131,206 by year five. Five-year ROI reaches 70.13% and total cumulative return in cash sums $110,399. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,288/mo property income covering a $2,324/mo payment, not borrower’s personal income.

Multi Family

Built in 1920

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to the investment property youve been waiting for! This extraordinarily maintained two-family home is perfect for both owner-occupants and investors alike. Each unit is spacious, private, and filled with sunlight and character. The first-floor unit features tall ceilings, a private entrance, enclosed porch, three bedrooms, and one bathroom with laundry in the basement. The second-floor unit offers two bedrooms, one full bathroom, gleaming hardwoods, tall ceilings, attic storage, and in-unit laundry. Recent updates include a 10-year-young roof, new doors throughout, newer water heater, and numerous upgrades to the second-floor kitchen and bathvanity, sink, countertops, appliances, and more. Exterior highlights include low-maintenance vinyl siding and windows, a brand-new asphalt driveway, and newly built rear deck and stairs. The spacious basement provides a finished room and bathroom, additional storage, and laundry hookups. Enjoy the flexibility of both gas and oilgas heats the first floor, oil the second. Each unit enjoys its own private outdoor space with a porch or deck, creating that single-family feel with excellent privacy between units. Located just one hour from downtown Boston and twenty minutes from Providence, this lovingly cared-for home truly has it all. Dont miss this exceptional opportunityschedule your showing today!

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