328 Milk StFitchburgMA01420
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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 Fitchburg at 328 Milk St, Fitchburg, MA, 01420 uses $116,023 cash to close to unlock $5,425/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $2,658/mo, and a $1,713/mo payment keeps the spread at $452/mo. Purchase price stands at $349,995, and rental yield measures 9.11% with $2,658/mo rent. Return on cash invested shows 24.58% in year one, and 5% annual appreciation builds toward $96,697 over five years. Five-year ROI reaches 128.1% and total cumulative return in cash records $148,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,658/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01420, Fitchburg, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,790 (100%) |
| Owner Occupied HU | 8,726 (49.1%) |
| Renter Occupied HU | 7,837 (44.1%) |
| Vacant Housing Units | 1,227 ( 6.9%) |
| Median Home Value | $373,021 |
| Average Home Value | $413,902 |
Housing Distribution
Address Breakdown
Residential
16,414
Single Family
14,284
Multi-Family
2,130
Businesses
1,215
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Listed by: Teresa J. Lupien • Morin Real Estate
Mls Name: MLS PIN
Mls ID: #73408763