80 Summit St, Woonsocket, RI, 02895 | 6.92% Rental Yield

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80 Summit St, Woonsocket, RI, 02895 | 6.92% 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 80 Summit St, Woonsocket, RI, 02895 generates $2,738/mo in rent, after a $2,325/mo payment. Total monthly income is $2,738/mo. Return on cash invested sits at 17.14% in year one, and rental yield is 6.92% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 88.48% and total cumulative return in cash sums $139,327. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,738/mo property income rather than buyer’s personal income.

Multi Family

Built in 1977

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated 2-family home in Woonsocket, RI, offering a fantastic opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 full bathroom, with bright and modern interiors designed for comfortable living. The kitchens are equipped with sleek stainless steel appliances and open to a spacious layout that leads to sliding doors, providing access to a large back deckperfect for outdoor dining or relaxation. Both units enjoy private access to a good-sized backyard, offering a rare level of privacy and outdoor space. Ample off-street parking adds convenience for residents and guests. The home is filled with natural light throughout, enhancing its warm and welcoming feel. Located in an amazing area near major highways, shopping, restaurants, and other amenities, this property combines style, functionality, and an unbeatable location. A great investment or multi-generational living option ready for its next owner!

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