31 Edward LnBarreMA01005
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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 Barre at 31 Edward Ln, Barre, MA, 01005 priced at $295,000 converts $1,620/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,620/mo. Return on cash invested prints 16.97% in year one, and rental yield reads 6.59% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 87.25% and total cumulative return in cash sums $85,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01005, Barre, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,156 (100%) |
| Owner Occupied HU | 1,684 (78.1%) |
| Renter Occupied HU | 340 (15.8%) |
| Vacant Housing Units | 132 ( 6.1%) |
| Median Home Value | $550,369 |
| Average Home Value | $559,351 |
Housing Distribution
Address Breakdown
Residential
1,509
Single Family
1,460
Multi-Family
49
Businesses
133
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Listed by: Paul Varney Sr. • Waterwheel Realty
Mls Name: MLS PIN
Mls ID: #73433198