294 Willimantic DriveMarstons MillsMA02648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marstons Mills at 294 Willimantic Drive, Marstons Mills, MA, 02648 uses $217,798 cash to close to unlock $632/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $4,225/mo, and a $3,240/mo payment keeps the spread at $53/mo. Purchase price stands at $662,000, and rental yield measures 7.66% with $4,225/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $182,898 over five years. Five-year ROI reaches 105.32% and total cumulative return in cash records $229,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,225/mo property income covering a $3,240/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02648, Marstons Mills, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,537 (100%) |
| Owner Occupied HU | 2,826 (79.9%) |
| Renter Occupied HU | 277 ( 7.8%) |
| Vacant Housing Units | 434 (12.3%) |
| Median Home Value | $680,664 |
| Average Home Value | $699,241 |
Housing Distribution
Address Breakdown
Residential
3,004
Single Family
2,999
Multi-Family
5
Businesses
233
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Nearby investment properties with comparable prices
Listed by: Cindy Crawford • Compass Massachusetts, LLC
Mls Name: CCIMLS
Mls Provider:
Mls ID: #22405548
Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than CC&I Assoc. of REALTORS, Inc. includes the name of the listing company. Neither the listing company nor CC&I Assoc. of REALTORS, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. This site was last updated 2022-04-05 08:58:10 PDT. All properties are subject to prior sale, changes, or withdrawal. Copyright 2022 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved.