36 Conrad StWoonsocketRI02895
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Woonsocket at 36 Conrad St, Woonsocket, RI, 02895 uses $132,567 cash to close to unlock $2,158/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $2,790/mo, and a $1,957/mo payment keeps the spread at $180/mo. Purchase price stands at $399,900, and rental yield measures 8.37% with $2,790/mo rent. Return on cash invested shows 21.54% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 112.02% and total cumulative return in cash records $148,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,790/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,434
Single Family
13,667
Multi-Family
3,767
Businesses
1,186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha Durand • HomeSmart Professionals
Mls Name: StateWide MLS RI
Mls ID: #1393872