279 S Main StHopedaleMA01747
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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 Hopedale at 279 S Main St, Hopedale, MA, 01747 priced at $574,900 converts $3,349/mo rent into after a $2,814/mo obligation. Total monthly income equals $3,349/mo. Return on cash invested prints 18.32% in year one, and rental yield reads 6.99% against a $574,900 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,834 by year five. Five-year ROI reaches 94.44% and total cumulative return in cash sums $178,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,349/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01747, Hopedale, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,353 (100%) |
| Owner Occupied HU | 1,830 (77.8%) |
| Renter Occupied HU | 453 (19.3%) |
| Vacant Housing Units | 70 ( 3.0%) |
| Median Home Value | $575,576 |
| Average Home Value | $578,396 |
Housing Distribution
Address Breakdown
Residential
2,394
Single Family
1,976
Multi-Family
418
Businesses
256
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Listed by: Kim E. Poirier • ERA Key Realty Services- Milf
Mls Name: MLS PIN
Mls ID: #73464526