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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% |
Investment property for sale in Woonsocket at 388 Vose St APT 4, Woonsocket, RI, 02895 offers a 10.48% rental yield on a $219,000 purchase with $1,912/mo rent. Total monthly income registers $1,912/mo, and a $1,072/mo payment leaves $262/mo available for distribution. Annual cash flow reaches $3,148/yr on $72,599 to close, and return on cash invested stands at 24.24% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 127.9% and total cumulative return in cash at $92,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,912/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1899
N/A lot
$N/A/sqft
$220 monthly 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 |
|---|---|---|
| 2025-02-07 | Listed for sale | $219,000 |
| 2022-01-14 | Sold | $165,000 |
| 2021-10-27 | Pending sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $2110.00 | 4.04% | $145,100 | N/A |
| 2023-02-19 | $2028.00 | N/A | $145,100 | N/A |
| 2022-02-19 | $2028.00 | 2.37% | $145,100 | 73.98% |
Listed by: The Lyon Team • HERE Realty
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1377600
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.
