230 School StGrovelandMA01834
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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 Groveland at 230 School St, Groveland, MA, 01834 priced at $599,000 converts $3,913/mo rent into $137/mo cash flow after a $2,932/mo obligation. Total monthly income equals $3,913/mo, and annual cash flow totals $1,649/yr on $197,071 invested. Return on cash invested prints 20.9% in year one, and rental yield reads 7.84% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 108.26% and total cumulative return in cash sums $213,358. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,913/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1922
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01834, Groveland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,587 (100%) |
| Owner Occupied HU | 2,118 (81.9%) |
| Renter Occupied HU | 399 (15.4%) |
| Vacant Housing Units | 70 ( 2.7%) |
| Median Home Value | $634,319 |
| Average Home Value | $652,742 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,396
Multi-Family
163
Businesses
144
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Listed by: Melissa Silva • RE/MAX Beacon
Mls Name: MLS PIN
Mls ID: #73428188