18 Washington St APT 7PlainvilleMA02762
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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
Investment property for sale in Plainville at 18 Washington St APT 7, Plainville, MA, 02762 offers a 8.2% rental yield on a $269,900 purchase with $1,844/mo rent. 2% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 95.15% and total cumulative return in cash at $85,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,844/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02762, Plainville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,366 (100%) |
| Owner Occupied HU | 2,834 (64.9%) |
| Renter Occupied HU | 1,347 (30.9%) |
| Vacant Housing Units | 185 ( 4.2%) |
| Median Home Value | $605,761 |
| Average Home Value | $686,642 |
Housing Distribution
Address Breakdown
Residential
4,149
Single Family
3,497
Multi-Family
652
Businesses
423
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Listed by: Connie Wigmore • RE/MAX Real Estate Center
Mls Name: MLS PIN
Mls ID: #73360047
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