37 School StMerrimacMA01860
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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
Investment property for sale in Merrimac at 37 School St, Merrimac, MA, 01860 offers a 4.34% rental yield on a $1,100,000 purchase with $3,982/mo rent. 43% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 52.08% and total cumulative return in cash at $185,611. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,982/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1881
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01860, Merrimac, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,241 (79.8%) |
| Renter Occupied HU | 437 (15.6%) |
| Vacant Housing Units | 132 ( 4.7%) |
| Median Home Value | $647,422 |
| Average Home Value | $645,772 |
Housing Distribution
Address Breakdown
Residential
2,797
Single Family
2,522
Multi-Family
275
Businesses
162
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Listed by: Heidi A. Jewett • Jewett Real Estate
Mls Name: MLS PIN
Mls ID: #73421908