1 Lansing Way #1MillisMA02054
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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 Millis at 1 Lansing Way #1, Millis, MA, 02054 priced at $935,000 pairs $3,060/mo rent with after a $4,576/mo payment. Total monthly income equals $3,060/mo. Return on cash invested is 9.01% in year one, and rental yield stands at 3.93% on a $935,000 basis. Equity gained on principal adds $6,033/yr, and 5% annual appreciation accumulates to $258,323 by year five. Five-year ROI measures 44.52% and total cumulative return in cash reaches $136,940. For financing, Ziffy Mortgage’s DSCR program evaluates $3,060/mo property income against a $4,576/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02054, Millis, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,765 (100%) |
| Owner Occupied HU | 2,930 (77.8%) |
| Renter Occupied HU | 710 (18.9%) |
| Vacant Housing Units | 125 ( 3.3%) |
| Median Home Value | $665,265 |
| Average Home Value | $697,492 |
Housing Distribution
Address Breakdown
Residential
3,668
Single Family
3,312
Multi-Family
356
Businesses
266
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Listed by: Rachael Ades • Leading Edge Real Estate
Mls Name: MLS PIN
Mls ID: #73406040