60 Rathbun St, Woonsocket, RI, 02895 | 5.86% Rental Yield

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60 Rathbun St, Woonsocket, RI, 02895 | 5.86% Rental Yield | 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 60 Rathbun St, Woonsocket, RI, 02895 priced at $925,000 pairs $4,517/mo rent with after a $4,527/mo payment. Total monthly income equals $4,517/mo. Return on cash invested is 14.06% in year one, and rental yield stands at 5.86% on a $925,000 basis. Equity gained on principal adds $5,969/yr, and 5% annual appreciation accumulates to $255,560 by year five. Five-year ROI measures 71.92% and total cumulative return in cash reaches $218,857. For financing, Ziffy Mortgage’s DSCR program evaluates $4,517/mo property income against a $4,527/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1900

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Investors Dream Opportunity! This 7-unit mixed-use property offers 6 residential apartments, 1 retail space, and a sizable parcel of land with potential for an additional buildable lot. A true cash-flow generator, the property boasts a strong rental history and consistent returns. The residential units feature balconies, eat-in kitchens, spacious living rooms, and full baths in each. Unit mix includes four 2-bedroom apartments, one 4-bedroom apartment, and one studio, catering to a wide range of tenant demand. Key highlights include Ample off-street parking, Recent upgrades: newer roof, updated balconies/porches, and compliant water meter, Prime location with a stable tenant base, Upside potential with land for expansion. With its income strength, solid fundamentals, and long-term growth potential, this property is a turnkey investment you wont want to miss! Note: Rental figures reflect market value projections.

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