17 Bixby Rd APT 2, Spencer, MA, 01562 | $699/mo Cash Flow

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17 Bixby Rd APT 2, Spencer, MA, 01562 | $699/mo Cash Flow | 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

Rental property for sale in Spencer at 17 Bixby Rd APT 2, Spencer, MA, 01562 priced at $289,900 pairs $2,526/mo rent with $699/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,526/mo, and annual cash flow comes to $8,385/yr on $96,102 invested. Return on cash invested is 28.63% in year one, and rental yield stands at 10.46% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 149.79% and total cumulative return in cash reaches $143,949. For financing, Ziffy Mortgage’s DSCR program evaluates $2,526/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Townhouse-style 2 bedroom condo. First floor good size living room, a convenient half bath, and an eat-in kitchen. On the second floor, youll find two good sized bedrooms with large closets, a full bath, laundry hookups, and a balcony that overlooks the scenic backyard. The finished basement adds even more living space with a utility room, Laundry hookups; extra storage, and a walk-out to your own private patio. All type of financing accepted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,548 (100%)
Owner Occupied HU	3,340 (60.2%)
Renter Occupied HU	1,867 (33.7%)
Vacant Housing Units	341 ( 6.1%)
Median Home Value	$426,833
Average Home Value	$470,553