36 Martel 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
Rental property for sale in Fitchburg at 36 Martel St, Fitchburg, MA, 01420 priced at $385,000 converts $3,385/mo rent into $959/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,385/mo, and annual cash flow totals $11,505/yr on $127,628 invested. Return on cash invested prints 28.92% in year one, and rental yield reads 10.55% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 151.32% and total cumulative return in cash sums $193,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,385/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1957
9,252 sqft 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: Susan Rexford • Prospective Realty INC
Mls Name: MLS PIN
Mls ID: #73456376