36 Main StSpencerMA01562
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Spencer rentals match the income profile of 36 Main St, Spencer, MA, 01562. Listed at $277,300, gross rent is $2,820/mo and net cash flow is $1,072/mo, a 12.2% yield well above national averages. DSCR 2.26 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $76,613 by year five with $2,554/yr in annual principal reduction, projecting $174,314 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 7.5% |
| Monthly Cash Flow | $1,072 | $350 |
City averages based on Spencer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,820 |
| Total Monthly Debt Service | $1,637 |
| DSCR Ratio | 1.72x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1882
3,053 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,340 (60.2%) |
| Renter Occupied HU | 1,867 (33.7%) |
| Vacant Housing Units | 341 ( 6.1%) |
| Median Home Value | $426,833 |
| Average Home Value | $470,553 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
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
Single Family
Built in 1882
3,053 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,340 (60.2%) |
| Renter Occupied HU | 1,867 (33.7%) |
| Vacant Housing Units | 341 ( 6.1%) |
| Median Home Value | $426,833 |
| Average Home Value | $470,553 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A