29 Griffin StPalmerMA01069
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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 Palmer at 29 Griffin St, Palmer, MA, 01069 priced at $449,987 converts $2,507/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,507/mo. Return on cash invested prints 17.26% in year one, and rental yield reads 6.69% against a $449,987 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,323 by year five. Five-year ROI reaches 88.84% and total cumulative return in cash sums $132,518. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,507/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01069, Palmer, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 2,550 (63.0%) |
| Renter Occupied HU | 1,211 (29.9%) |
| Vacant Housing Units | 284 ( 7.0%) |
| Median Home Value | $324,620 |
| Average Home Value | $354,721 |
Housing Distribution
Address Breakdown
Residential
3,610
Single Family
3,419
Multi-Family
191
Businesses
403
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Listed by: Laurie Palatino • Hampden Realty Center, LLC
Mls Name: MLS PIN
Mls ID: #73471243