119 West StLeominsterMA01453
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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 Leominster at 119 West St, Leominster, MA, 01453 priced at $599,000 pairs $3,097/mo rent with after a $2,932/mo payment. Total monthly income equals $3,097/mo. Return on cash invested is 15.93% in year one, and rental yield stands at 6.2% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 81.62% and total cumulative return in cash reaches $160,858. For financing, Ziffy Mortgage’s DSCR program evaluates $3,097/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01453, Leominster, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,999 (100%) |
| Owner Occupied HU | 10,672 (56.2%) |
| Renter Occupied HU | 7,544 (39.7%) |
| Vacant Housing Units | 783 ( 4.1%) |
| Median Home Value | $427,892 |
| Average Home Value | $457,228 |
Housing Distribution
Address Breakdown
Residential
17,996
Single Family
14,896
Multi-Family
3,100
Businesses
1,857
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Listed by: Antonia Vargeletis • Federal RE Investments
Mls Name: MLS PIN
Mls ID: #73427728