542 Prospect StWoonsocketRI02895
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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 542 Prospect St, Woonsocket, RI, 02895 earns from $2,987/mo rent with a $2,447/mo payment. Total monthly income totals $2,987/mo. ROI tracks 17.91% on current figures, and rental yield reads 7.17% at a $499,999 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 92.57% and total cumulative return in cash sums $153,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,987/mo property income instead of your personal income.
Single Family
Built in 1940
0.35 Acres 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: Gary Parenteau • RIMa Properties
Mls Name: StateWide MLS RI
Mls ID: #1387998