290 3rd Ave, Woonsocket, RI, 02895 | $107/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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290 3rd Ave, Woonsocket, RI, 02895 | $107/mo Cash Flow | 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

Investment property for sale in Woonsocket at 290 3rd Ave, Woonsocket, RI, 02895 earns $107/mo cash flow from $2,326/mo rent with a $1,664/mo payment. Total monthly income totals $2,326/mo, and annual cash flow totals $1,280/yr on $112,710 capital. ROI tracks 21.04% on current figures, and rental yield reads 8.21% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 109.38% and total cumulative return in cash sums $123,282. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,326/mo property income instead of your personal income.

Multi Family

Built in 1900

0.13 sqft lot

$N/A/sqft

No HOA

More details about the property

INVESTORS Take Notice- offering 3 units total. The main house is an up - down 2 family with a 7 year old roof. The first floor has a huge enclosed wrap around porch that opens to the back yard. There is additional finished space in the basement level with walk-out basement egress. The second floor has an efficient layout with forced air heat. The property also has a detached garage with a legal studio apartment above. This property has a strong rental history with long term tenants. It would be a great addition to a rental portfolio, or an owner occupied opportunity. Property is being sold as is.

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