116 Mount Vernon StFitchburgMA01420
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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 Fitchburg at 116 Mount Vernon St, Fitchburg, MA, 01420 priced at $529,000 converts $3,017/mo rent into after a $2,589/mo obligation. Total monthly income equals $3,017/mo. Return on cash invested prints 17.87% in year one, and rental yield reads 6.84% against a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation compiles into $146,153 by year five. Five-year ROI reaches 92.04% and total cumulative return in cash sums $160,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,017/mo property income covering a $2,589/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01420, Fitchburg, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,790 (100%) |
| Owner Occupied HU | 8,726 (49.1%) |
| Renter Occupied HU | 7,837 (44.1%) |
| Vacant Housing Units | 1,227 ( 6.9%) |
| Median Home Value | $373,021 |
| Average Home Value | $413,902 |
Housing Distribution
Address Breakdown
Residential
16,414
Single Family
14,284
Multi-Family
2,130
Businesses
1,215
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Listed by: KimMarie Veilleux • Monument Realty LLC
Mls Name: MLS PIN
Mls ID: #73423743