24 Fairbank StHarvardMA01451
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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 Harvard at 24 Fairbank St, Harvard, MA, 01451 offers $2,640/mo rent that, after a $4,625/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 7.26% in year one, and rental yield stands at 3.35% at a $945,000 entry. Equity gained on principal adds $6,098/yr while 5% annual appreciation compounds into $261,086 by year five. Five-year ROI records 35.14% and total cumulative return in cash reaches $109,264. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $4,625/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1849
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01451, Harvard, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,185 (100%) |
| Owner Occupied HU | 1,884 (86.2%) |
| Renter Occupied HU | 189 ( 8.6%) |
| Vacant Housing Units | 112 ( 5.1%) |
| Median Home Value | $811,567 |
| Average Home Value | $914,433 |
Housing Distribution
Address Breakdown
Residential
1,960
Single Family
1,895
Multi-Family
65
Businesses
249
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Listed by: Karen Shea • Coldwell Banker Realty - Concord
Mls Name: MLS PIN
Mls ID: #73438798