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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 397 Rathbun St, Woonsocket, RI, 02895 priced at $379,000 converts $1,914/mo rent into after a $1,855/mo obligation. Total monthly income equals $1,914/mo. Return on cash invested prints 14.56% in year one, and rental yield reads 6.06% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 74.58% and total cumulative return in cash sums $93,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
2,299 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Ouellette • Real Results Realty
Mls Name: StateWide MLS RI
Mls ID: #1391747
