232 Main StSpencerMA01562
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 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
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 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
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Nearby investment properties with comparable prices
Listed by: Mary Stolarczyk • RE/MAX Vision
Mls Name: MLS PIN
Mls ID: #73427370