356 S Main St, Woonsocket, RI, 02895 | 5.73% Rental Yield

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356 S Main St, Woonsocket, RI, 02895 | 5.73% Rental Yield | Ziffy

For Sale

Rental Income

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 356 S Main St, Woonsocket, RI, 02895 with 5% annual appreciation on a $539,900 basis while $2,580/mo rent supports operations. 68% in year one. Equity gained on principal adds $3,484/yr, and five-year appreciation sums $149,164 alongside rental yield of 5.73%. Five-year ROI measures 69.86% and total cumulative return in cash totals $124,087. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,580/mo property income versus a $2,643/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1920

5,340 sqft lot

$N/A/sqft

No HOA

More details about the property

This solid three-family residence offers an exceptional blend of updated comfort, modern finishes, and rental-ready appeal a rare find for investors or owner-occupants alike. The property features a new roof, providing long-term peace of mind and ensuring structural integrity for years to come. The currently vacant unit was completely renovated in 2024, and features new appliances, granite countertops, and tasteful finishes throughout. Each unit benefits from thoughtful renovations and maintenance, making this building a stand-out in quality and readiness. Whether you value the ease of turnkey rentals or envision future owner-occupancy, this property delivers with durable upgrades and functionality. Dont miss this chance to own a well-maintained, income-producing, multi-family home with a maintenance free exterior.

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