15 Michael Dr UNIT 15PalmerMA01069
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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
Investment property for sale in Palmer at 15 Michael Dr UNIT 15, Palmer, MA, 01069 listed at $359,900 pairs $1,740/mo rent with a $1,762/mo payment. Total monthly income runs $1,740/mo. Return on cash invested measures 14.59% in year one, and rental yield registers 5.8% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 74.5% and total cumulative return in cash totals $88,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,740/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01069, Palmer, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 2,550 (63.0%) |
| Renter Occupied HU | 1,211 (29.9%) |
| Vacant Housing Units | 284 ( 7.0%) |
| Median Home Value | $324,620 |
| Average Home Value | $354,721 |
Housing Distribution
Address Breakdown
Residential
3,610
Single Family
3,419
Multi-Family
191
Businesses
403
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Listed by: Gary Arnold • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73460318