176 Merriam AveLeominsterMA01453
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
Investment Highlights
Rental property for sale in Leominster at 176 Merriam Ave, Leominster, MA, 01453 priced at $399,500 pairs $3,781/mo rent with $1,263/mo cash flow after a $1,955/mo payment. Total monthly income equals $3,781/mo, and annual cash flow comes to $15,160/yr on $132,434 invested. Return on cash invested is 31.36% in year one, and rental yield stands at 11.36% on a $399,500 basis. Equity gained on principal adds $2,578/yr, and 5% annual appreciation accumulates to $110,374 by year five. Five-year ROI measures 164.39% and total cumulative return in cash reaches $217,707. For financing, Ziffy Mortgage’s DSCR program evaluates $3,781/mo property income against a $1,955/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
9,796 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,996
Single Family
14,896
Multi-Family
3,100
Businesses
1,857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hejoma M. Garcia • RE/MAX Diverse
Mls Name: MLS PIN
Mls ID: #73416601