568 Elm 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 568 Elm St, Woonsocket, RI, 02895 uses $124,313 cash to close to unlock $1,386/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $2,563/mo, and a $1,835/mo payment keeps the spread at $116/mo. Purchase price stands at $375,000, and rental yield measures 8.2% with $2,563/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 109.28% and total cumulative return in cash records $135,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,563/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Multi Family
Built in 1915
5,663 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: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11638876