13 Grove StSpencerMA01562
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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 Spencer at 13 Grove St, Spencer, MA, 01562 priced at $499,900 converts $2,720/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,720/mo. Return on cash invested prints 16.79% in year one, and rental yield reads 6.53% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 86.24% and total cumulative return in cash sums $142,920. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,720/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,340 (60.2%) |
| Renter Occupied HU | 1,867 (33.7%) |
| Vacant Housing Units | 341 ( 6.1%) |
| Median Home Value | $426,833 |
| Average Home Value | $470,553 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
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Listed by: Donna Flannery • ERA Key Realty Services- Spenc
Mls Name: MLS PIN
Mls ID: #73447476