17 Bixby Rd APT 7, Spencer, MA, 01562 | $695/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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17 Bixby Rd APT 7, Spencer, MA, 01562 | $695/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 7, Spencer, MA, 01562 priced at $299,000 converts $2,579/mo rent into $695/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,579/mo, and annual cash flow totals $8,339/yr on $99,119 invested. Return on cash invested prints 28.32% in year one, and rental yield reads 10.35% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 148.09% and total cumulative return in cash sums $146,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,579/mo property income covering a $1,463/mo payment, not borrower’s personal income.

Townhouse

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

This charming townhouse-style condo is set in a peaceful country setting and offers a wonderful blend of comfort, space, and convenience. The first floor features a spacious living room that is perfect for relaxing or entertaining, a convenient half bath, and a bright eat-in kitchen with plenty of room for family meals. On the second floor, youll find two generously sized bedrooms with large closets, a full bath, laundry hookups, and a balcony that overlooks the scenic backyardan ideal spot to enjoy your morning coffee. The finished basement adds even more living space with a versatile bonus room, a utility room, extra storage, and a walk-out to your own private patio, perfect for outdoor gatherings. Completing this home are two deeded off-street parking spaces, giving you ease and peace of mind. This is a wonderful opportunity to own in a desirable location, so schedule your showing today and see all that this condo has to offer. OPEN HOUSE 08/30 1:00pm-2:30pm, 8/31 from 12pm-2pm.

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