36 Leonard Rd UNIT 36, Boxborough, MA, 01719 | $406/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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36 Leonard Rd UNIT 36, Boxborough, MA, 01719 | $406/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Boxborough at 36 Leonard Rd UNIT 36, Boxborough, MA, 01719 listed at $244,900 pairs $1,950/mo rent with a $1,199/mo payment to leave $406/mo cash flow. Total monthly income runs $1,950/mo, and annual cash flow reaches $4,873/yr on $81,184 cash to close. Return on cash invested measures 25.91% in year one, and rental yield registers 9.55% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 135.24% and total cumulative return in cash totals $109,793. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,950/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome Home to this bright and comfortable second floor condo in the highly sought after community of Meenmore Condominiums! Great condo to owner occupy or for an investment - The condo features a dining area and large living room with slider doors that lead to an updated balcony overlooking the pool. The kitchen appliances have been updated with a new stove and dishwasher, and the bathroom has been updated with a new walk-in shower by the previous owner. You'll like the convenience of the on-site laundry room just one floor down from the unit, as well as a storage space in the attic. The condo complex includes a newly refurbished swimming pool and patio area for all to enjoy during the summer months! Plus there are picnic areas where you can gather and keep your outdoor grills, plus a playground and basketball hoop to enjoy. There is ample parking throughout the complex and it's a great commuter location being close to major routes such as Rte 495, Rte 2, and the commuter rail.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01719, Boxborough, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,397 (100%)
Owner Occupied HU	1,577 (65.8%)
Renter Occupied HU	718 (30.0%)
Vacant Housing Units	102 ( 4.3%)
Median Home Value	$791,088
Average Home Value	$783,973