3 Edward St, Leicester, MA, 01524 | $455/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3 Edward St, Leicester, MA, 01524 | $455/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Leicester at 3 Edward St, Leicester, MA, 01524 priced at $375,000 pairs $2,818/mo rent with $455/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,818/mo, and annual cash flow comes to $5,458/yr on $124,313 invested. Return on cash invested is 24.3% in year one, and rental yield stands at 9.02% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 126.53% and total cumulative return in cash reaches $157,299. For financing, Ziffy Mortgage’s DSCR program evaluates $2,818/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to elegant living in the desirable 55+ community of Grand View Estates. Nestled on a quiet cul-de-sac, this beautifully maintained condo offers the perfect blend of comfort, style & convenience. Step inside to find a freshly painted interior w/ newly updated flooring, a bright spacious layout & tasteful finishes throughout. Kitchen features granite countertops, ideal for both everyday meals & entertaining flowing seamlessly into a cozy dining area. Enjoy year-round comfort with central A/C & take advantage of the same level laundry setup for ultimate ease. The private deck offers a peaceful retreat overlooking the backyard & natural surroundingsperfect for morning coffee or evening relaxation. Additional highlights include a 2-car garage, plenty of storage & full basement w/ expansion potentialgreat for hobby space, gym, or additional living area. Don't miss this opportunity to join a welcoming, low-maintenance community that offers both serenity& convenience. Schedule today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01524, Leicester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,707 (100%)
Owner Occupied HU	2,121 (78.4%)
Renter Occupied HU	498 (18.4%)
Vacant Housing Units	88 ( 3.3%)
Median Home Value	$485,208
Average Home Value	$543,716