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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Leicester at 1271 Main St, Leicester, MA, 01524 generates $2,005/mo in rent, after a $2,203/mo payment. Total monthly income is $2,005/mo. Return on cash invested sits at 13.22% in year one, and rental yield is 5.35% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 67.13% and total cumulative return in cash sums $100,146. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,005/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01524, Leicester, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 2,121 (78.4%) |
| Renter Occupied HU | 498 (18.4%) |
| Vacant Housing Units | 88 ( 3.3%) |
| Median Home Value | $485,208 |
| Average Home Value | $543,716 |
Residential
2,545
Single Family
2,404
Multi-Family
141
Businesses
162
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $450,000 |
| 2022-02-22 | Listing removed | N/A |
| 2022-02-17 | Listed for rent | $1,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $4650.00 | 4.12% | $361,600 | 13.28% |
| 2022-11-11 | $4466.00 | -3.63% | $319,200 | 4.21% |
| 2021-11-11 | $4634.00 | 8.30% | $306,300 | 6.72% |
Listed by: Michael Martin • Real Broker MA, LLC
Mls Name: MLS PIN
Mls ID: #73300368
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
