232 Main St, Spencer, MA, 01562 | 4.87% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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232 Main St, Spencer, MA, 01562 | 4.87% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Spencer at 232 Main St, Spencer, MA, 01562 offers $2,131/mo rent that, after a $2,570/mo payment. Total monthly income is $2,131/mo. Return on cash invested measures 11.87% in year one, and rental yield stands at 4.87% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 59.88% and total cumulative return in cash reaches $103,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,131/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1880

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to the Henrietta Sibley House! Exquisite Queen Anne Victorian Updated and elegant with so much history! Step into timeless beauty with this stunning home, a rare gem offering the perfect blend of classic charm and modern updates. Lovingly maintained and enhanced by its current owner, this home boasts **Gorgeous Natural Woodwork** Original details that shine, from the intricate trim to the solid wood, curved banister**Stunning Stained Glass Windows**Old-world craftsmanship with pocket doors**Versatile first floor layout currently set up as a stylish hair salon, an outstanding opportunity for your business, can easily be converted back to original apartment by removing temporary walls. Walk-up attic offers two walk-in cedar closets and the opportunity to create extra living space. Two driveways and screened back porch provides so much privacy! Dripping with charm and personality! Nice opportunity to generate income!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,548 (100%)
Owner Occupied HU	3,340 (60.2%)
Renter Occupied HU	1,867 (33.7%)
Vacant Housing Units	341 ( 6.1%)
Median Home Value	$426,833
Average Home Value	$470,553