685 Social St APT 114, Woonsocket, RI, 02895 | $672/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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685 Social St APT 114, Woonsocket, RI, 02895 | $672/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

Rental property for sale in Woonsocket at 685 Social St APT 114, Woonsocket, RI, 02895 generates $2,728/mo in rent and, after a $1,542/mo payment, leaves $672/mo in cash flow. Total monthly income is $2,728/mo, and annual cash flow is $8,058/yr on $104,423 invested. Return on cash invested sits at 27.63% in year one, and rental yield is 10.39% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 144.67% and total cumulative return in cash sums $151,073. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,728/mo property income rather than buyer’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Gateway Commonsan authentic mill conversion with soaring ceilings, historic charm, and a layout that actually works for modern living. This first-floor corner unit features 1 bedroom, 2 full bathrooms, and 1,329 sq ft of light-filled space, thanks to oversized mill windows throughout. Inside, youll find 15-foot ceilings, original hardwood floors, and a massive kitchen islandideal for casual meals or hosting friends. The living area includes a semi-private bonus space, currently used as a home office and guest room, offering flexible use without compromising the open layout. The spacious bedroom includes a walk-in closet and en suite bath, with a second full bathroom just off the main living space. Additional highlights include in-unit laundry, central air, and 370 sq ft of private basement storage. The building is pet-friendly and features a small on-site dog park. Washington Trust is currently offering a 1% interest rate reduction for qualifying first-time buyers with incomes under $112,000/yearmaking this a smart option for buyers looking for style and value. Located just 30 minutes to Providence or Worcester and about an hour to Boston, this is true loft living at a price point thats hard to find in the city.

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