394 3rd AveWoonsocketRI02895
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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
Investment Highlights
Investment property for sale in Woonsocket at 394 3rd Ave, Woonsocket, RI, 02895 listed at $389,000 pairs $2,830/mo rent with a $1,904/mo payment to leave $291/mo cash flow. Total monthly income runs $2,830/mo, and annual cash flow reaches $3,488/yr on $128,954 cash to close. Return on cash invested measures 22.61% in year one, and rental yield registers 8.73% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 117.8% and total cumulative return in cash totals $151,902. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,830/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
3,698 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
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Listed by: The Willett Team • Serhant Rhode Island
Mls Name: StateWide MLS RI
Mls ID: #1396557