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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 284 Transit St, Woonsocket, RI, 02895 offers $2,796/mo rent that, after a $1,835/mo payment, leaves $349/mo cash flow. Total monthly income is $2,796/mo, and annual cash flow is $4,184/yr on $124,279 cash. Return on cash invested measures 23.28% in year one, and rental yield stands at 8.95% at a $374,900 entry. Equity gained on principal adds $2,419/yr while 5% annual appreciation compounds into $103,578 by year five. Five-year ROI records 121.34% and total cumulative return in cash reaches $150,799. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,796/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,918 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-01-23 | Listed for sale | $374,900 |
| 2024-11-14 | Listing removed | $374,900 |
| 2024-11-04 | Listed for sale | $374,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $3962.00 | 3.99% | $272,500 | N/A |
| 2023-03-12 | $3810.00 | N/A | $272,500 | N/A |
| 2022-03-12 | $3810.00 | 25.04% | $272,500 | 112.39% |
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11413803
