17 1st Ave, Leominster, MA, 01453 | 6.62% Rental Yield

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17 1st Ave, Leominster, MA, 01453 | 6.62% Rental Yield | Ziffy

For Sale

Currently Rented

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

Investment property for sale in Leominster at 17 1st Ave, Leominster, MA, 01453 offers a 6.62% rental yield on a $522,000 purchase with $2,881/mo rent. 2% in year one. Equity gained on principal adds $3,368/yr while 5% annual appreciation supports $144,219 over five years. Portfolio math shows five-year ROI at 88.43% and total cumulative return in cash at $151,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,881/mo property income against a $2,555/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1961

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

This 2-family home with large, 2-car detached garage is located in a neighborhood setting on a quiet dead end side street, just minutes from routes 2, 190, and the Train Station. The first floor offers an enclosed porch. The white cabinet tiled kitchen, updated in 2019, opens to a large bright living room, one bath, & 3 bedrooms. One bedroom is currently being used as a laundry/storage room. The upstairs apartment or in-law suite has 2 bedrooms, a kitchen, living room, full bath & storage room, with a porch overlooking the private backyard. This property is made up of two separately deeded lots. The 2-car garage was built in 2022 and has a 2nd floor loft offering additional storage area. This is a great owner-occupied property, or rent out the two apartments and keep the garage for yourself. Or rent out the garage separately. Turn the upstairs garage loft into an ADU and increase your income fourfold! Loads of potential & a superb investment opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01453, Leominster, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,999 (100%)
Owner Occupied HU	10,672 (56.2%)
Renter Occupied HU	7,544 (39.7%)
Vacant Housing Units	783 ( 4.1%)
Median Home Value	$427,892
Average Home Value	$457,228