105 Ridgewood Ln APT 7GardnerMA01440
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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
Investment property for sale in Gardner at 105 Ridgewood Ln APT 7, Gardner, MA, 01440 uses $74,588 cash to close to unlock $2,569/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,632/mo, and a $1,101/mo payment keeps the spread at $214/mo. Purchase price stands at $225,000, and rental yield measures 8.7% with $1,632/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 121.51% and total cumulative return in cash records $90,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01440, Gardner, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,823 (100%) |
| Owner Occupied HU | 5,104 (52.0%) |
| Renter Occupied HU | 4,026 (41.0%) |
| Vacant Housing Units | 693 ( 7.1%) |
| Median Home Value | $347,548 |
| Average Home Value | $406,369 |
Housing Distribution
Address Breakdown
Residential
8,993
Single Family
7,174
Multi-Family
1,819
Businesses
598
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Listed by: Victoria Jeffrey • Real Estate Exchange
Mls Name: MLS PIN
Mls ID: #73465225