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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Woonsocket at 658 Grove St, Woonsocket, RI, 02895 priced at $585,000 converts $1,914/mo rent into after a $2,863/mo obligation. Total monthly income equals $1,914/mo. Return on cash invested prints 8.19% in year one, and rental yield reads 3.93% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 40.39% and total cumulative return in cash sums $77,742. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02895, Woonsocket, RI area.
| 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 |
Residential
17,434
Single Family
13,667
Multi-Family
3,767
Businesses
1,186
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Listed for sale | $585,000 |
| 2025-09-02 | Listing removed | $595,000 |
| 2025-07-15 | Listed for sale | $595,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-16 | $4288.00 | 4.00% | $294,900 | N/A |
| 2023-09-16 | $4123.00 | N/A | $294,900 | N/A |
| 2022-09-16 | $4123.00 | -8.19% | $294,900 | 55.95% |
Listed by: Braulio Diaz • The Network
Mls Name: StateWide MLS RI
Mls Provider:
Mls ID: #1394924
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved.
