21 High StLeeMA01238
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 Lee at 21 High St, Lee, MA, 01238 priced at $495,900 converts $5,700/mo rent into $2,575/mo cash flow after a $2,427/mo obligation. Total monthly income equals $5,700/mo, and annual cash flow totals $30,895/yr on $164,391 invested. Return on cash invested prints 38.7% in year one, and rental yield reads 13.79% against a $495,900 entry. Equity gained on principal adds $3,200/yr, while 5% annual appreciation compiles into $137,008 by year five. Five-year ROI reaches 203.77% and total cumulative return in cash sums $334,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,700/mo property income covering a $2,427/mo payment, not borrower’s personal income.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01238, Lee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,318 (100%) |
| Owner Occupied HU | 1,798 (54.2%) |
| Renter Occupied HU | 851 (25.6%) |
| Vacant Housing Units | 669 (20.2%) |
| Median Home Value | $381,800 |
| Average Home Value | $497,269 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,476
Multi-Family
250
Businesses
370
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Listed by: Anthony Caropreso • MACCARO REAL ESTATE
Mls Name: BCMLS
Mls Provider:
Mls ID: #244100
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Berkshire County Board of Realtors and the Broker Reciprocity Program. Copyright 2024 Berkshire County Board of Realtors. All rights reserved.