15 N Cove RdSterlingMA01564
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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
Rental property for sale in Sterling at 15 N Cove Rd, Sterling, MA, 01564 offers $4,074/mo rent that, after a $4,894/mo payment. Total monthly income is $4,074/mo. Return on cash invested measures 11.93% in year one, and rental yield stands at 4.89% at a $999,900 entry. Equity gained on principal adds $6,452/yr while 5% annual appreciation compounds into $276,254 by year five. Five-year ROI records 60.18% and total cumulative return in cash reaches $197,972. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,074/mo property income versus a $4,894/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
2.02 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,938
Single Family
2,854
Multi-Family
84
Businesses
284
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Listed by: Paula Savard • LAER Realty Partners
Mls Name: MLS PIN
Mls ID: #73450633