15 Grove AveLanesboroMA01237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Lanesboro at 15 Grove Ave, Lanesboro, MA, 01237 at $888,800 posts ROI 11.23% with from $3,450/mo rent. Total monthly income equals $3,450/mo. Return on cash invested measures 11.23% and rental yield reads 4.66% at the current $888,800. Equity gained on principal adds $5,735/yr, and 5% annual appreciation supports $245,559 by year five. Five-year ROI prints 56.43% and total cumulative return in cash totals $164,999. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,450/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01237, Lanesboro, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,040 (100%) |
| Owner Occupied HU | 1,165 (57.1%) |
| Renter Occupied HU | 192 ( 9.4%) |
| Vacant Housing Units | 683 (33.5%) |
| Median Home Value | $369,592 |
| Average Home Value | $402,036 |
Housing Distribution
Address Breakdown
Residential
858
Single Family
858
Multi-Family
0
Businesses
138
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Listed by: Tonia L. Scalise • WILLIAM PITT SOTHEBY'S - LENOX
Mls Name: BCMLS
Mls ID: #247280