1576 Main StLeicesterMA01524
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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 Leicester at 1576 Main St, Leicester, MA, 01524 earns from $2,975/mo rent with a $3,059/mo payment. Total monthly income totals $2,975/mo. ROI tracks 14.43% on current figures, and rental yield reads 5.71% at a $625,000 purchase. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 over five years. Five-year ROI reaches 73.59% and total cumulative return in cash sums $151,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,975/mo property income instead of your personal income.
Single Family
Built in 1901
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01524, Leicester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 2,121 (78.4%) |
| Renter Occupied HU | 498 (18.4%) |
| Vacant Housing Units | 88 ( 3.3%) |
| Median Home Value | $485,208 |
| Average Home Value | $543,716 |
Housing Distribution
Address Breakdown
Residential
2,545
Single Family
2,404
Multi-Family
141
Businesses
162
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Listed by: Jennifer Dufresne • RE/MAX Prof Associates
Mls Name: MLS PIN
Mls ID: #73457308