12 Nichols St, Merrimac, MA, 01860 | $1,403/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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12 Nichols St, Merrimac, MA, 01860 | $1,403/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Merrimac at 12 Nichols St, Merrimac, MA, 01860 priced at $558,000 converts $4,920/mo rent into $1,403/mo cash flow after a $2,731/mo obligation. Total monthly income equals $4,920/mo, and annual cash flow totals $16,838/yr on $183,582 invested. Return on cash invested prints 29.23% in year one, and rental yield reads 10.58% against a $558,000 entry. Equity gained on principal adds $3,601/yr, while 5% annual appreciation compiles into $154,165 by year five. Five-year ROI reaches 152.97% and total cumulative return in cash sums $280,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,920/mo property income covering a $2,731/mo payment, not borrower’s personal income.

Single Family

Built in 1926

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of space, sunlight, and charm in this expanded 5-bedroom antique Colonial, offering more room inside and out than you'd expect. A welcoming mudroom leads to a first-floor bedroom and opens to a bright main level featuring a formal dining room with custom built-ins and a sun-splashed living/family room with sliders to the deck. The kitchen includes a breakfast bar, gas stove, and exterior access, plus a convenient half bath. Upstairs offers four more bedrooms, including a spacious primary suite, a flexible bonus room, and a beautifully updated tiled full bath. Outside, enjoy the expansive and level yard, perfect for adding an in ground pool framed by mature trees., with a composite deck, patio, and more. Located in a lovely neighborhood surrounded by conservation land, yet minutes to I-495. New landscaping (2021) new hot water heater (2022), partially new roof (2023) new paint throughout (2023) updated primary bath (2024).

Neighborhood Data

Neighborhood data shown for ZIP Code: 01860, Merrimac, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,810 (100%)
Owner Occupied HU	2,241 (79.8%)
Renter Occupied HU	437 (15.6%)
Vacant Housing Units	132 ( 4.7%)
Median Home Value	$647,422
Average Home Value	$645,772