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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 31 Bennett St, Woonsocket, RI, 02895 generates $2,224/mo in rent and, after a $1,468/mo payment, leaves $266/mo in cash flow. Total monthly income is $2,224/mo, and annual cash flow is $3,194/yr on $99,417 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.9% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 120.55% and total cumulative return in cash sums $119,848. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,224/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,049 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 |
|---|---|---|
| 2024-10-01 | Listed for sale | $299,900 |
| 2024-09-15 | Listing removed | $349,900 |
| 2024-08-31 | Price change | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $2575.00 | N/A | $184,200 | N/A |
| 2022-10-14 | $2575.00 | 7.02% | $184,200 | 81.84% |
| 2021-10-14 | $2406.00 | -1.03% | $101,300 | N/A |
Listed by: Bolano Team • eXp Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1369947
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 2024 State-Wide MLS, Inc. All rights reserved.
