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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 Framingham at 131 Mellen St #3B, Framingham, MA, 01702 priced at $199,900 converts $1,576/mo rent into $167/mo cash flow after a $978/mo obligation. Total monthly income equals $1,576/mo, and annual cash flow totals $2,010/yr on $66,267 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 9.46% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 120.24% and total cumulative return in cash sums $79,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,576/mo property income covering a $978/mo payment, not borrower’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$149 monthly HOA
Neighborhood data shown for ZIP Code: 01702, Framingham, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,659 (100%) |
| Owner Occupied HU | 5,109 (30.7%) |
| Renter Occupied HU | 10,363 (62.2%) |
| Vacant Housing Units | 1,187 ( 7.1%) |
| Median Home Value | $638,883 |
| Average Home Value | $678,365 |
Residential
15,555
Single Family
8,797
Multi-Family
6,758
Businesses
1,398
Date | Event | Price |
|---|---|---|
| 2024-12-14 | Listed for sale | $199,900 |
| 2019-08-26 | Listing removed | $1,200 |
| 2019-07-24 | Listed for rent | $1,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-15 | $1899.00 | 3.21% | $152,400 | 8.39% |
| 2023-02-15 | $1840.00 | 3.66% | $140,600 | 8.82% |
| 2022-02-15 | $1775.00 | 3.74% | $129,200 | 6.08% |
Listed by: Kim Hazeltine • Red Spade Realty LLC
Mls Name: MLS PIN
Mls ID: #73319890
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.
