23 Spencer Rd APT 32FBoxboroMA01719
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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
Investment property for sale in Boxboro at 23 Spencer Rd APT 32F, Boxboro, MA, 01719 offers a 11.86% rental yield on a $219,000 purchase with $2,165/mo rent. Total monthly income registers $2,165/mo, and a $1,072/mo payment leaves $785/mo available for distribution. Annual cash flow reaches $9,415/yr on $72,599 to close, and return on cash invested stands at 32.88% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 172.55% and total cumulative return in cash at $125,265. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,165/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01719, Boxborough, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,397 (100%) |
| Owner Occupied HU | 1,577 (65.8%) |
| Renter Occupied HU | 718 (30.0%) |
| Vacant Housing Units | 102 ( 4.3%) |
| Median Home Value | $791,088 |
| Average Home Value | $783,973 |
Housing Distribution
Address Breakdown
Residential
2,369
Single Family
1,834
Multi-Family
535
Businesses
169
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Listed by: Richard McDonough • Coldwell Banker Realty - Lexington
Mls Name: MLS PIN
Mls ID: #73414845