39 Melrose StBoylstonMA01505
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
Investment Highlights
Rental property for sale in Boylston at 39 Melrose St, Boylston, MA, 01505 priced at $418,900 converts $2,891/mo rent into $251/mo cash flow after a $2,050/mo obligation. Total monthly income equals $2,891/mo, and annual cash flow totals $3,013/yr on $138,865 invested. Return on cash invested prints 22.08% in year one, and rental yield reads 8.28% against a $418,900 entry. Equity gained on principal adds $2,703/yr, while 5% annual appreciation compiles into $115,734 by year five. Five-year ROI reaches 114.64% and total cumulative return in cash sums $159,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,891/mo property income covering a $2,050/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01505, Boylston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,139 (100%) |
| Owner Occupied HU | 1,770 (82.7%) |
| Renter Occupied HU | 287 (13.4%) |
| Vacant Housing Units | 82 ( 3.8%) |
| Median Home Value | $668,109 |
| Average Home Value | $711,493 |
Housing Distribution
Address Breakdown
Residential
2,012
Single Family
1,771
Multi-Family
241
Businesses
148
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Listed by: Jeff Burk • RE/MAX Vision
Mls Name: MLS PIN
Mls ID: #73447686