16 Heron LnHopedaleMA01747
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hopedale at 16 Heron Ln, Hopedale, MA, 01747 priced at $849,900 converts $4,799/mo rent into after a $4,160/mo obligation. Total monthly income equals $4,799/mo. Return on cash invested prints 17.67% in year one, and rental yield reads 6.78% against a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation compiles into $234,812 by year five. Five-year ROI reaches 90.94% and total cumulative return in cash sums $254,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,799/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 2002
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01747, Hopedale, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,353 (100%) |
| Owner Occupied HU | 1,830 (77.8%) |
| Renter Occupied HU | 453 (19.3%) |
| Vacant Housing Units | 70 ( 3.0%) |
| Median Home Value | $575,576 |
| Average Home Value | $578,396 |
Housing Distribution
Address Breakdown
Residential
2,394
Single Family
1,976
Multi-Family
418
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Pellegrini • Afonso Real Estate
Mls Name: MLS PIN
Mls ID: #73470780