64 Fairfield AveWoonsocketRI02895
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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 64 Fairfield Ave, Woonsocket, RI, 02895 offers a 9.2% rental yield on a $449,900 purchase with $3,448/mo rent. Total monthly income registers $3,448/mo, and a $2,202/mo payment leaves $511/mo available for distribution. Annual cash flow reaches $6,134/yr on $149,142 to close, and return on cash invested stands at 24.02% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 125.37% and total cumulative return in cash at $186,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,448/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
10,018 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: Robert Hollands • East Bay Associates Inc.
Mls Name: StateWide MLS RI
Mls ID: #1396514