308 Lenox RdRichmondMA01254
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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
Investment property for sale in Richmond at 308 Lenox Rd, Richmond, MA, 01254 earns $476/mo cash flow from $3,433/mo rent with a $2,296/mo payment. Total monthly income totals $3,433/mo, and annual cash flow totals $5,718/yr on $155,474 capital. ROI tracks 23.59% on current figures, and rental yield reads 8.78% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 122.72% and total cumulative return in cash sums $190,795. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,433/mo property income instead of your personal income.
Single Family
Built in 1960
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01254, Richmond, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 526 (100%) |
| Owner Occupied HU | 364 (69.2%) |
| Renter Occupied HU | 37 ( 7.0%) |
| Vacant Housing Units | 125 (23.8%) |
| Median Home Value | $657,767 |
| Average Home Value | $730,151 |
Housing Distribution
Address Breakdown
Residential
409
Single Family
409
Multi-Family
0
Businesses
33
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Listed by: William Morrow • WILLIAM PITT SOTHEBY'S - GT BARRINGTON
Mls Name: BCMLS
Mls ID: #247167