83 4th 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
Rental property for sale in Woonsocket at 83 4th Ave, Woonsocket, RI, 02895 priced at $375,000 converts $1,914/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,914/mo. Return on cash invested prints 14.76% in year one, and rental yield reads 6.12% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 75.67% and total cumulative return in cash sums $94,071. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,662 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: Spectrum Real Estate Consultants Team • Keller Williams Leading Edge
Mls Name: StateWide MLS RI
Mls ID: #1403993