308 Miller St #72LudlowMA01056
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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
Rental property for sale in Ludlow at 308 Miller St #72, Ludlow, MA, 01056 generates $3,460/mo in rent, after a $2,789/mo payment. Total monthly income is $3,460/mo. Return on cash invested sits at 19.22% in year one, and rental yield is 7.29% on a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 99.26% and total cumulative return in cash sums $186,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,460/mo property income rather than buyer’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01056, Ludlow, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,781 (100%) |
| Owner Occupied HU | 6,496 (74.0%) |
| Renter Occupied HU | 1,944 (22.1%) |
| Vacant Housing Units | 341 ( 3.9%) |
| Median Home Value | $350,569 |
| Average Home Value | $370,739 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
7,951
Multi-Family
809
Businesses
559
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Listed by: Sandra Wahr • Executive Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73432692