15 Michael Dr UNIT 15, Palmer, MA, 01069 | 5.8% Rental Yield

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Price: $300K - 500K

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15 Michael Dr UNIT 15, Palmer, MA, 01069 | 5.8% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

This is the one you have been looking for! Rare find for this 1329 Sq Ft Pristine Garden Condo with 1 car attached garage. One level living at it finest. Large impressive kitchen with a breakfast bar plus a large dining area and hardwood floors, Granite counters and a tiled back splash. All newer kitchen appliances remain plus the washer and dryer. The Living Room has a gas fireplace, hardwood floors and vaulted ceiling with sliding glass doors leading to the private patio and a well landscaped back yard. The main bedroom has vaulted ceilings and a full bathroom with a double vanity. The second bedroom could be a den or office. There are two finished rooms in the basement for additional living space. This over 55 condo is in excellent condition and is located in the exclusive Mill Pond Estates. Don't miss this one. Showings begin at Open House Sunday 12/7/2025 from 12-2.

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