10 Main St APT 507, Framingham, MA, 01702 | $724/mo Cash Flow

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10 Main St APT 507, Framingham, MA, 01702 | $724/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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

Investment property for sale in Framingham at 10 Main St APT 507, Framingham, MA, 01702 offers a 11.2% rental yield on a $239,000 purchase with $2,231/mo rent. Total monthly income registers $2,231/mo, and a $1,170/mo payment leaves $724/mo available for distribution. Annual cash flow reaches $8,693/yr on $79,229 to close, and return on cash invested stands at 30.88% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 161.87% and total cumulative return in cash at $128,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,231/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

This bright and inviting one bedroom condo, ideal for an owner occupant or investor, features a spacious living room with sliding doors leading to a private balcony, a generous primary bedroom, ample storage, kitchen with granite countertops and a cozy breakfast nook. The building offers convenient amenities including an elevator with access to the laundry room and parking. Ideally situated near shopping, Route 9, the Mass Pike, and I-95. The building is professionally managed. The unit is currently rented (under market) but can be delivered vacant.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01702, Framingham, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,659 (100%)
Owner Occupied HU	5,109 (30.7%)
Renter Occupied HU	10,363 (62.2%)
Vacant Housing Units	1,187 ( 7.1%)
Median Home Value	$638,883
Average Home Value	$678,365