22 Grove St #BMerrimacMA01860
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 22 Grove St #B, Merrimac, MA, 01860 in Merrimac earns a 9.26% gross yield at $459,000. Rent of $3,541/mo nets $523/mo after the $2,064/mo mortgage. The 1.72 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $126,813 and $4,227/yr in equity accumulation project a total cumulative return of $208,480.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.2% |
| Monthly Cash Flow | $523 | $1,200 |
City averages based on Merrimac market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,541 |
| Total Monthly Debt Service | $2,835 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1881
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01860, Merrimac, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,241 (79.8%) |
| Renter Occupied HU | 437 (15.6%) |
| Vacant Housing Units | 132 ( 4.7%) |
| Median Home Value | $647,422 |
| Average Home Value | $645,772 |
Housing Distribution
Address Breakdown
Residential
2,797
Single Family
2,522
Multi-Family
275
Businesses
162
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
Townhouse
Built in 1881
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01860, Merrimac, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,241 (79.8%) |
| Renter Occupied HU | 437 (15.6%) |
| Vacant Housing Units | 132 ( 4.7%) |
| Median Home Value | $647,422 |
| Average Home Value | $645,772 |
Housing Distribution
Address Breakdown
Residential
2,797
Single Family
2,522
Multi-Family
275
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices