685 Social St APT 104, Woonsocket, RI, 02895 | $563/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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685 Social St APT 104, Woonsocket, RI, 02895 | $563/mo Cash Flow | 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

Investment property for sale in Woonsocket at 685 Social St APT 104, Woonsocket, RI, 02895 uses $102,765 cash to close to unlock $6,752/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $2,586/mo, and a $1,517/mo payment keeps the spread at $563/mo. Purchase price stands at $310,000, and rental yield measures 10.01% with $2,586/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash records $142,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,586/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to your next home at 685 Social Street, Unit 104 a spacious 1,314 sq ft first-floor condo in a beautifully converted mill building. This unit features soaring ceilings, oversized windows, and exposed brick for a warm, eclectic feel. The open kitchen boasts stainless steel appliances and a massive island, flowing into a generous living area. The primary suite includes a full bath and walk-in closet. A semi-private second bedroom offers versatility as a guest room, office, or bonus space. Enjoy in-unit laundry, central air, and fresh paint throughout. Two unassigned parking spaces and a large deeded storage area in the basement add convenience. The condo fee includes water, sewer, trash, insurance, and grounds maintenance for easy living. Great location close to parks, restaurants and commuter routes. Dont miss your chance to own this unique and inviting space!

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