Condo Investment Properties for Sale in Woonsocket, RI
$ 245,000
ROI
27.0
Cash Flow/m
495- 2 Bed
- 2 Bath
- 968 sft
120 Mill St APT 202, Woonsocket, RI, 02895
$ 199,900
ROI
20.0Cash Flow/m
13- 2 Bed
- 1 Bath
- 910 sft
78 Saint Joseph St, Woonsocket, RI, 02895
$ 274,900
ROI
20.4Cash Flow/m
48- 2 Bed
- 2 Bath
- 1005 sft
283 Privilege St APT 6, Woonsocket, RI, 02895
$ 254,900
ROI
24.8Cash Flow/m
355- 2 Bed
- 2 Bath
- 968 sft
110 Mill St APT 202, Woonsocket, RI, 02895
Why Invest in Woonsocket, Rhode Island?
Woonsocket, RI offers strong investment potential in condos amid a competitive housing market. Investors benefit from steady appreciation and solid rental demand driven by local employment. Average rents around $1,600 support healthy cash flows, with cap rates near 6-7%. Renter occupancy exceeds 40%, bolstered by proximity to Providence. Market competitiveness scores high, with homes selling quickly.
7.2%
Avg. ROI
5.8%
Rental Yield
6.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
2.4%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid returns with average rents of $1,600 and cap rates around 6.5% in a competitive market. High renter occupancy and quick sales support cash flow stability. Proximity to jobs in Providence adds demand.
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