3146 Main St #3146PalmerMA01069
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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 Palmer at 3146 Main St #3146, Palmer, MA, 01069 uses $59,339 cash to close to unlock $7,343/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $876/mo payment keeps the spread at $612/mo. Purchase price stands at $179,000, and rental yield measures 11.66% with $1,740/mo rent. Return on cash invested shows 32.28% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 169.35% and total cumulative return in cash records $100,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $876/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A 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: Waylynn Garcia • Executive Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73449189