3 Mill StShirleyMA01464
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3 Mill St, Shirley, MA, 01464 in Shirley hard to pass up. The 11.84% gross yield on a $599,900 purchase results in $5,918/mo in rent and $2,137/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.19). Annual cash flow of $25,648, five-year appreciation of $165,741, and $5,525/yr in equity build-up combine for a projected total cumulative return of $365,292.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 7.0% |
| Monthly Cash Flow | $2,137 | $800 |
City averages based on Shirley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,918 |
| Total Monthly Debt Service | $3,542 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1890
4,813 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01464, Shirley, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 1,956 (72.3%) |
| Renter Occupied HU | 632 (23.3%) |
| Vacant Housing Units | 119 ( 4.4%) |
| Median Home Value | $533,333 |
| Average Home Value | $622,294 |
Housing Distribution
Address Breakdown
Residential
2,191
Single Family
2,143
Multi-Family
48
Businesses
221
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
Multi Family
Built in 1890
4,813 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01464, Shirley, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 1,956 (72.3%) |
| Renter Occupied HU | 632 (23.3%) |
| Vacant Housing Units | 119 ( 4.4%) |
| Median Home Value | $533,333 |
| Average Home Value | $622,294 |
Housing Distribution
Address Breakdown
Residential
2,191
Single Family
2,143
Multi-Family
48
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emmanuel Garcia • Elia Realty Group, Inc
Mls Name: MLS PIN
Mls ID: #73425375