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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 38 Oakley Rd, Woonsocket, RI, 02895 priced at $375,000 pairs $5,233/mo rent with $2,709/mo cash flow after a $1,835/mo payment. Total monthly income equals $5,233/mo, and annual cash flow comes to $32,507/yr on $124,313 invested. Return on cash invested is 46.06% in year one, and rental yield stands at 16.75% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 243.77% and total cumulative return in cash reaches $303,039. For financing, Ziffy Mortgage’s DSCR program evaluates $5,233/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.50 Acres 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 |
|---|---|---|
| 2025-12-11 | Sold | $375,000 |
| 2025-10-06 | Pending sale | $350,000 |
| 2025-09-26 | Listed for sale | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-12-20 | $6392.00 | N/A | $439,600 | N/A |
| 2024-12-20 | $6392.00 | 4.00% | $439,600 | N/A |
| 2023-12-20 | $6146.00 | N/A | $439,600 | N/A |
Listed by: Alan Connell • Re/Max Real Estate Center
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1396184
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 2025 State-Wide MLS, Inc. All rights reserved.
