16 Prospect StErvingMA01344
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 16 Prospect St, Erving, MA, 01344 in Erving at $260,000 earns $1,738/mo in rent and nets $99/mo after the $1,169/mo payment, a 8.02% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $71,833 over five years. Ziffy Mortgage underwrites this on a 1.49 DSCR without U.S. credit history. With $2,395/yr in principal paydown, total projected return reaches $105,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.2% |
| Monthly Cash Flow | $99 | $350 |
City averages based on Erving market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,738 |
| Total Monthly Debt Service | $1,535 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01344, Erving, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 547 (77.8%) |
| Renter Occupied HU | 130 (18.5%) |
| Vacant Housing Units | 26 ( 3.7%) |
| Median Home Value | $305,122 |
| Average Home Value | $301,042 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
621
Multi-Family
33
Businesses
24
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
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01344, Erving, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 547 (77.8%) |
| Renter Occupied HU | 130 (18.5%) |
| Vacant Housing Units | 26 ( 3.7%) |
| Median Home Value | $305,122 |
| Average Home Value | $301,042 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
621
Multi-Family
33
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73562052