36 Ridgewood Ln APT 4, Gardner, MA, 01440 | $240/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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36 Ridgewood Ln APT 4, Gardner, MA, 01440 | $240/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 Gardner at 36 Ridgewood Ln APT 4, Gardner, MA, 01440 offers a 9.37% rental yield on a $159,000 purchase with $1,242/mo rent. Total monthly income registers $1,242/mo, and a $778/mo payment leaves $240/mo available for distribution. Annual cash flow reaches $2,881/yr on $52,709 to close, and return on cash invested stands at 25.37% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 132.36% and total cumulative return in cash at $69,768. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,242/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

This spacious,updated condo offers the perfect blend of comfort and convenience. Featuring an open-concept layout, its designed for easy living with a thoughtful flow between kitchen and living areas. This home provides closet space throughout, as well as additional private storage in the attic. Well cared for and low maintenance, this unit is ideal for anyone seeking ownership without the hassle.HOA fee covers Heat,Hot Water,Gas,Water,Sewer,Master Insurance,Swimming Pool,Laundry Facilities, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Playground, and Refuse Removal. Enjoy summer days by the community pool and the ease of a laundry room located just across the hall. Tucked away within the complex, yet just minutes from downtown, shopping, highway access, and a state park, this location offers the best of both worlds. Whether you'd like to live in or rent out, you definitely don't want to miss this opportunity to own this turn-key condo that checks all the boxes!

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