16 North AveMendonMA01756
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 Mendon at 16 North Ave, Mendon, MA, 01756 priced at $429,000 pairs $3,391/mo rent with $687/mo cash flow after a $2,100/mo payment. Total monthly income equals $3,391/mo, and annual cash flow comes to $8,242/yr on $142,214 invested. Return on cash invested is 25.7% in year one, and rental yield stands at 9.49% on a $429,000 basis. Equity gained on principal adds $2,768/yr, and 5% annual appreciation accumulates to $118,525 by year five. Five-year ROI measures 134.07% and total cumulative return in cash reaches $190,669. For financing, Ziffy Mortgage’s DSCR program evaluates $3,391/mo property income against a $2,100/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01756, Mendon, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,300 (100%) |
| Owner Occupied HU | 1,991 (86.6%) |
| Renter Occupied HU | 231 (10.0%) |
| Vacant Housing Units | 78 ( 3.4%) |
| Median Home Value | $651,440 |
| Average Home Value | $665,663 |
Housing Distribution
Address Breakdown
Residential
2,160
Single Family
2,130
Multi-Family
30
Businesses
207
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Listed by: Nick Hanney • eXp Realty
Mls Name: MLS PIN
Mls ID: #73449036