17 Bixby Rd APT 2SpencerMA01562
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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
Investment Highlights
Rental property for sale in Spencer at 17 Bixby Rd APT 2, Spencer, MA, 01562 priced at $289,900 pairs $2,602/mo rent with $775/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,602/mo, and annual cash flow comes to $9,297/yr on $96,102 invested. Return on cash invested is 29.58% in year one, and rental yield stands at 10.77% 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 154.87% and total cumulative return in cash reaches $148,833. For financing, Ziffy Mortgage’s DSCR program evaluates $2,602/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
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 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
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Listed by: Maria Hopkins • Maria Gruber Hopkins Associates
Mls Name: MLS PIN
Mls ID: #73469297