2 Sherman Ave, Auburn, MA, 01501 | $120/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2 Sherman Ave, Auburn, MA, 01501 | $120/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 Auburn at 2 Sherman Ave, Auburn, MA, 01501 priced at $299,999 converts $2,010/mo rent into $120/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,010/mo, and annual cash flow totals $1,434/yr on $99,450 invested. Return on cash invested prints 21.35% in year one, and rental yield reads 8.04% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 110.75% and total cumulative return in cash sums $110,136. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,010/mo property income covering a $1,468/mo payment, not borrower’s personal income.

Single Family

Built in 1949

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 2 Sherman Ave in Auburn. This 2 bed, 1 bath ranch offers great potential for owners looking to add some TLC or investors looking to fix and flip. This home sits on a beautiful large level lot with lots of potential. Paved driveway for ample off street parking and shed in yard for extra storage. Roof done in 2017. New oil furnace earlier this year. Home is situated on a quiet side street yet offers the luxury of convenience as its close to shopping centers, restaurants, services, and major routes such as 90/290/395 and route 20. Bring your ideas and vision. Schedule your showing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01501, Auburn, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,001 (100%)
Owner Occupied HU	5,649 (80.7%)
Renter Occupied HU	1,145 (16.4%)
Vacant Housing Units	207 ( 3.0%)
Median Home Value	$464,631
Average Home Value	$516,225