589 Gaskill 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
Rental property for sale in Woonsocket at 589 Gaskill St, Woonsocket, RI, 02895 offers $1,914/mo rent that, after a $1,463/mo payment. Total monthly income is $1,914/mo. Return on cash invested measures 19.46% in year one, and rental yield stands at 7.68% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 100.86% and total cumulative return in cash reaches $99,970. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,914/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
8,511 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: Michael Solotke • Homistic Real Estate, Inc.
Mls Name: StateWide MLS RI
Mls ID: #1400709