35 Cedar St APT 6GardnerMA01440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gardner at 35 Cedar St APT 6, Gardner, MA, 01440 priced at $300,000 converts $2,660/mo rent into $770/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,660/mo, and annual cash flow totals $9,234/yr on $99,450 invested. Return on cash invested prints 29.19% in year one, and rental yield reads 10.64% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 152.78% and total cumulative return in cash sums $151,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,660/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01440, Gardner, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,823 (100%) |
| Owner Occupied HU | 5,104 (52.0%) |
| Renter Occupied HU | 4,026 (41.0%) |
| Vacant Housing Units | 693 ( 7.1%) |
| Median Home Value | $347,548 |
| Average Home Value | $406,369 |
Housing Distribution
Address Breakdown
Residential
8,993
Single Family
7,174
Multi-Family
1,819
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michele Mathieu • LAER Realty Partners
Mls Name: MLS PIN
Mls ID: #73448393