11 Mirick RdPrincetonMA01541
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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 Princeton at 11 Mirick Rd, Princeton, MA, 01541 priced at $519,900 converts $2,869/mo rent into after a $2,545/mo obligation. Total monthly income equals $2,869/mo. Return on cash invested prints 17.2% in year one, and rental yield reads 6.62% against a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,639 by year five. Five-year ROI reaches 88.41% and total cumulative return in cash sums $151,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,869/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Multi Family
Built in 1930
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01541, Princeton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,393 (100%) |
| Owner Occupied HU | 1,255 (90.1%) |
| Renter Occupied HU | 102 ( 7.3%) |
| Vacant Housing Units | 36 ( 2.6%) |
| Median Home Value | $612,402 |
| Average Home Value | $637,663 |
Housing Distribution
Address Breakdown
Residential
1,250
Single Family
1,250
Multi-Family
0
Businesses
83
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Listed by: Benjamin Hause • Keller Williams Realty North Central
Mls Name: MLS PIN
Mls ID: #73419364