305 Burlingame RdPalmerMA01069
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
Rental property for sale in Palmer at 305 Burlingame Rd, Palmer, MA, 01069 priced at $359,900 converts $2,934/mo rent into $665/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,934/mo, and annual cash flow totals $7,982/yr on $119,307 invested. Return on cash invested prints 26.6% in year one, and rental yield reads 9.78% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 138.9% and total cumulative return in cash sums $165,722. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,934/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.75 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: Darin Thompson • Stuart St James, Inc.
Mls Name: MLS PIN
Mls ID: #73460381