15 Myrtle Ave, Sterling, MA, 01564 | $747/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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15 Myrtle Ave, Sterling, MA, 01564 | $747/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Listed for sale 7 days ago

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 Sterling at 15 Myrtle Ave, Sterling, MA, 01564 uses $112,544 cash to close to unlock $8,962/yr annual cash flow and $747/mo monthly cash flow. Total monthly income runs $2,887/mo, and a $1,662/mo payment keeps the spread at $747/mo. Purchase price stands at $339,500, and rental yield measures 10.2% with $2,887/mo rent. Return on cash invested shows 27.87% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 145.7% and total cumulative return in cash records $163,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,887/mo property income covering a $1,662/mo payment rather than investor’s personal income.

Single Family

Built in 1920

3,238 sqft lot

$N/A/sqft

No HOA

More details about the property

Located at 15 Myrtle Ave, Sterling, MA, this single-family residence offers a unique opportunity to own a piece of classic Americana. The property presents a canvas for your imagination, ready to be shaped into the home of your dreams. Within the walls of this 990 square foot residence are two bedrooms, offering comfortable and private spaces for rest and rejuvenation. The single full bathroom provides essential functionality. The property encompasses a 3238 square foot lot, offering ample space for outdoor activities and potential landscaping projects. Built in 1920, the residence possesses a tangible sense of history. This single-family residence is a promising opportunity to establish roots and craft a personalized living space. HOA offers access to both nearby lakes. Perfect property for vacation home or rental. Being listed as a short sale home. Offers may be subject to third party approval. Additional vacant, non-buildable lot deeded with property. Large lot with running water.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01564, Sterling, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,258 (100%)
Owner Occupied HU	2,787 (85.5%)
Renter Occupied HU	365 (11.2%)
Vacant Housing Units	106 ( 3.3%)
Median Home Value	$546,772
Average Home Value	$575,745