2 Mechanic St UNIT 1MedwayMA02053
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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 Medway at 2 Mechanic St UNIT 1, Medway, MA, 02053 uses $192,465 cash to close to unlock $14,209/yr annual cash flow and $1,184/mo monthly cash flow. Total monthly income runs $4,871/mo, and a $2,863/mo payment keeps the spread at $1,184/mo. Purchase price stands at $585,000, and rental yield measures 9.99% with $4,871/mo rent. Return on cash invested shows 27.44% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 143.38% and total cumulative return in cash records $275,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,871/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Townhouse
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02053, Medway, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,081 (100%) |
| Owner Occupied HU | 4,082 (80.3%) |
| Renter Occupied HU | 884 (17.4%) |
| Vacant Housing Units | 115 ( 2.3%) |
| Median Home Value | $660,112 |
| Average Home Value | $728,274 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,579
Multi-Family
322
Businesses
389
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Listed by: Michael Stein • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73466539