363 Plain St, Millis, MA, 02054 | $420/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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363 Plain St, Millis, MA, 02054 | $420/mo Cash Flow | Ziffy

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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 Millis at 363 Plain St, Millis, MA, 02054 offers a 8.54% rental yield on a $656,600 purchase with $4,675/mo rent. Total monthly income registers $4,675/mo, and a $3,214/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,037/yr on $216,021 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $4,237/yr while 5% annual appreciation supports $181,406 over five years. Portfolio math shows five-year ROI at 116.51% and total cumulative return in cash at $251,686. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,675/mo property income against a $3,214/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1958

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Move in ready, 4 bedroom, 2.5 bath home in Millis for under $500k? You wouldn't think it exists but here it is. This home is much larger than it appears on the outside with a generous fenced in backyard overlooking a picturesque farm land. This home features a newer addition which includes a master suite with wood burning stove and master bathroom. A central air conditioning system was installed in 2018 The first floors lends itself for easy entertaining with it's open floor concept. The kitchen is equipped with stainless steel appliances, granite countertops and island. The fireplaced living room will keep you warm and cozy during the long winter months. The large family room offers easy access to deck and outdoor living space. The home also boasts gleaming hardwood floors throughout. Please reach out to listing agent to schedule a private showing. All showings MUST be accompanied by a licensed agent. Covid protocols must be followed. Face masks

Neighborhood Data

Neighborhood data shown for ZIP Code: 02054, Millis, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,765 (100%)
Owner Occupied HU	2,930 (77.8%)
Renter Occupied HU	710 (18.9%)
Vacant Housing Units	125 ( 3.3%)
Median Home Value	$665,265
Average Home Value	$697,492