16 Alexander St, Framingham, MA, 01702 | 7.46% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

16 Alexander St, Framingham, MA, 01702 | 7.46% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
3366 sft

35 Church St, Holliston, MA, 01746

3 Bed
2 Bath
1686 sft

195 High St, Holliston, MA, 01746

2 Bed
3 Bath
2220 sft

107 America Blvd UNIT 107, Ashland, MA, 01721

4 Bed
3 Bath
2358 sft

10 Lantern Ln, Milford, MA, 01757

Nearby investment properties with comparable prices

3 Bed
4 Bath
2728 sft

20 Royal Crest Dr, Douglas, MA, 01516

5 Bed
4 Bath
3862 sft

104 Purchase St, Milford, MA, 01757

2 Bed
3 Bath
1882 sft

7 Pebble Cir #7, Bellingham, MA, 02019

3 Bed
2 Bath
1644 sft

2 Stringer Dam Rd, Shrewsbury, MA, 01545

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Framingham at 16 Alexander St, Framingham, MA, 01702 generates $4,470/mo in rent, after a $3,519/mo payment. Total monthly income is $4,470/mo. Return on cash invested sits at 19.75% in year one, and rental yield is 7.46% on a $719,000 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 102.09% and total cumulative return in cash sums $241,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,470/mo property income rather than buyer’s personal income.

Single Family

Built in 1887

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

This stunning Victorian home perfectly combines timeless charm with thoughtful and modern updates. Featuring pristine original woodwork, architectural details, gleaming hardwood floors, and spacious living areas filled with natural light, it exudes warmth and character throughout. The beautifully updated and expanded kitchen offers modern style and functionality, ideal for todays lifestyle. A formal living room, dining room and large entry way establish the heart of the home. A half bath, mudroom and laundry area complete the first floor. The second floor offers 4 spacious bedrooms and a home office! The finished third floor offers a versatile retreatperfect for a private office, media room, or play space. Enjoy outdoor living on the inviting patio within the fenced yard, ideal for relaxing or entertaining. A two-car garage adds convenience and extra storage. With its blend of historic elegance and modern upgrades, this home is truly special.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01702, Framingham, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,659 (100%)
Owner Occupied HU	5,109 (30.7%)
Renter Occupied HU	10,363 (62.2%)
Vacant Housing Units	1,187 ( 7.1%)
Median Home Value	$638,883
Average Home Value	$678,365