48 Piedmont St, Woonsocket, RI, 02895 | $58/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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48 Piedmont St, Woonsocket, RI, 02895 | $58/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Woonsocket at 48 Piedmont St, Woonsocket, RI, 02895 offers $2,146/mo rent that, after a $1,566/mo payment, leaves $58/mo cash flow. Total monthly income is $2,146/mo, and annual cash flow is $690/yr on $106,047 cash. Return on cash invested measures 20.56% in year one, and rental yield stands at 8.05% at a $319,900 entry. Equity gained on principal adds $2,064/yr while 5% annual appreciation compounds into $88,382 by year five. Five-year ROI records 106.79% and total cumulative return in cash reaches $113,252. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,146/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1946

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Spacious Cape featuring 4 bedrooms and 2.5 baths, offering a formal living room, family room with fireplace, and an eat-in kitchen. Additional highlights include a Florida room, a walkout finished lower level, an in-ground pool, and a fenced corner lot. The property features a maintenance-free exterior. Ideal for those seeking a property with significant potential for improvement and customization.

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