24 State RdErvingMA01344
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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 Erving at 24 State Rd, Erving, MA, 01344 offers a 9.45% rental yield on a $195,000 purchase with $1,536/mo rent. Total monthly income registers $1,536/mo, and a $954/mo payment leaves $307/mo available for distribution. Annual cash flow reaches $3,688/yr on $64,643 to close, and return on cash invested stands at 25.61% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 133.64% and total cumulative return in cash at $86,386. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,536/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01344, Erving, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 547 (77.8%) |
| Renter Occupied HU | 130 (18.5%) |
| Vacant Housing Units | 26 ( 3.7%) |
| Median Home Value | $305,122 |
| Average Home Value | $301,042 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
621
Multi-Family
33
Businesses
24
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Listed by: Alayna Zellmann • Ruggeri Real Estate
Mls Name: MLS PIN
Mls ID: #73469994