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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Franklin at 215 Forest St, Franklin, MA, 02038 offers $4,704/mo rent that, after a $3,426/mo payment, leaves $292/mo cash flow. Total monthly income is $4,704/mo, and annual cash flow is $3,508/yr on $230,267 cash. Return on cash invested measures 21.58% in year one, and rental yield stands at 8.07% at a $699,900 entry. Equity gained on principal adds $4,516/yr while 5% annual appreciation compounds into $193,369 by year five. Five-year ROI records 111.95% and total cumulative return in cash reaches $257,780. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,704/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
1.96 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02038, Franklin, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,032 (100%) |
| Owner Occupied HU | 9,506 (72.9%) |
| Renter Occupied HU | 3,041 (23.3%) |
| Vacant Housing Units | 485 ( 3.7%) |
| Median Home Value | $666,126 |
| Average Home Value | $703,465 |
Residential
12,677
Single Family
10,723
Multi-Family
1,954
Businesses
935
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lorraine Kuney • REMAX Executive Realty
Mls Name: MLS PIN
Mls ID: #73462556
