16 Danforth Way #16, Franklin, MA, 02038 | 7.36% Rental Yield

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16 Danforth Way #16, Franklin, MA, 02038 | 7.36% 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

Total monthly income runs $2,760/mo, and a $2,202/mo payment. Purchase price stands at $449,900, and rental yield measures 7.36% with $2,760/mo rent. Return on cash invested shows 19.3% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 99.75% and total cumulative return in cash records $148,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $2,202/mo payment rather than investor’s personal income.

Townhouse

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

Wonderful opportunity for a lucky Buyer in the desirable Forge Hill Condominium Complex, which boasts very little turnover. Fabulous location within minutes of 495 and the commuter rail. This Townhouse end unit provides gorgeous wood floors on first floor, cathedral family room with a wood burning stove for cozy nights, all new sliders to multiple outdoor deck space and a new modern ceiling fan. The kitchen has direct access from garage, open to living area, with an oversized peninsula, great for entertaining and a newer stainless dishwasher. The half bath has been tastefully remodeled. 2nd floor offers a spacious loft, use as den, office or occasional guest room, also a full remodeled bath. The primary bedroom has a private deck, full wall of closet space, and a private full bath. Need a hobby room, home office, exercise space, or another family room? Bring your imagination & create your own in the spacious unfinished basement and add value to your unit!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02038, Franklin, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,032 (100%)
Owner Occupied HU	9,506 (72.9%)
Renter Occupied HU	3,041 (23.3%)
Vacant Housing Units	485 ( 3.7%)
Median Home Value	$666,126
Average Home Value	$703,465