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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spencer at 256 Main St, Spencer, MA, 01562 at $579,900 posts ROI 25.08% with $798/mo cash flow from $4,453/mo rent. Total monthly income equals $4,453/mo, and annual cash flow records $9,580/yr on $190,787 to close. Return on cash invested measures 25.08% and rental yield reads 9.21% at the current $579,900. Equity gained on principal adds $3,742/yr, and 5% annual appreciation supports $160,216 by year five. Five-year ROI prints 130.71% and total cumulative return in cash totals $249,373.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,453/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1891
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.
| 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 |
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Donna Flannery • ERA Key Realty Services- Spenc
Mls Name: MLS PIN
Mls ID: #73442537
