23 Horne Way UNIT 23MillburyMA01527
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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
Investment Highlights
Rental property for sale in Millbury at 23 Horne Way UNIT 23, Millbury, MA, 01527 generates $2,910/mo in rent and, after a $2,104/mo payment, leaves $201/mo in cash flow. Total monthly income is $2,910/mo, and annual cash flow is $2,407/yr on $142,512 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 8.12% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $159,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,910/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01527, Millbury, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,162 (100%) |
| Owner Occupied HU | 4,393 (71.3%) |
| Renter Occupied HU | 1,540 (25.0%) |
| Vacant Housing Units | 229 ( 3.7%) |
| Median Home Value | $503,073 |
| Average Home Value | $523,471 |
Housing Distribution
Address Breakdown
Residential
5,862
Single Family
5,294
Multi-Family
568
Businesses
438
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Listed by: Andrew Hillman • Hillman Real Estate
Mls Name: MLS PIN
Mls ID: #73456924