229 Miller St #D-8LudlowMA01056
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 Ludlow at 229 Miller St #D-8, Ludlow, MA, 01056 priced at $120,000 converts $908/mo rent into after a $587/mo obligation. Total monthly income equals $908/mo. Return on cash invested prints 12.85% in year one, and rental yield reads 9.08% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 69.37% and total cumulative return in cash sums $27,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $908/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 1972
3,000 sqft lot
$N/A/sqft
$386 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01056, Ludlow, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,781 (100%) |
| Owner Occupied HU | 6,496 (74.0%) |
| Renter Occupied HU | 1,944 (22.1%) |
| Vacant Housing Units | 341 ( 3.9%) |
| Median Home Value | $350,569 |
| Average Home Value | $370,739 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
7,951
Multi-Family
809
Businesses
559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Hamre Martin Team • Real Broker MA, LLC
Mls Name: MLS PIN
Mls ID: #73318608
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.