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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Millis at 324 Union St APT 2, Millis, MA, 02054 with 5% annual appreciation on a $419,900 basis while $3,240/mo rent supports operations. Total monthly income totals $3,240/mo and a $2,055/mo payment preserves $203/mo for cash returns. Annual cash flow comes to $2,439/yr on $139,197 deployed, and return on cash invested reaches 21.66% in year one. Equity gained on principal adds $2,710/yr, and five-year appreciation sums $116,011 alongside rental yield of 9.26%. Five-year ROI measures 113.62% and total cumulative return in cash totals $158,160.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,240/mo property income versus a $2,055/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1900
N/A lot
$N/A/sqft
$375 monthly HOA
Neighborhood data shown for ZIP Code: 02054, Millis, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,765 (100%) |
| Owner Occupied HU | 2,930 (77.8%) |
| Renter Occupied HU | 710 (18.9%) |
| Vacant Housing Units | 125 ( 3.3%) |
| Median Home Value | $665,265 |
| Average Home Value | $697,492 |
Residential
3,668
Single Family
3,312
Multi-Family
356
Businesses
266
Date | Event | Price |
|---|---|---|
| 2025-01-06 | Listed for sale | $419,900 |
| 2016-05-27 | Sold | $262,000 |
| 2016-03-23 | Pending sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-08 | $4760.00 | -2.14% | $289,900 | 4.24% |
| 2023-01-08 | $4864.00 | -7.00% | $278,100 | 0.40% |
| 2022-01-08 | $5230.00 | 7.92% | $277,000 | 12.15% |
Listed by: Michelle Haynes • ERA Key Realty Services
Mls Name: MLS PIN
Mls ID: #73323381
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
