39 Pleasant St UNIT A6NorthboroughMA01532
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 Northborough at 39 Pleasant St UNIT A6, Northborough, MA, 01532 priced at $305,000 converts $2,446/mo rent into $523/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,446/mo, and annual cash flow totals $6,282/yr on $101,108 invested. Return on cash invested prints 26.12% in year one, and rental yield reads 9.62% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 136.33% and total cumulative return in cash sums $137,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,446/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Condo
Built in 1975
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01532, Northborough, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,936 (100%) |
| Owner Occupied HU | 4,611 (77.7%) |
| Renter Occupied HU | 1,154 (19.4%) |
| Vacant Housing Units | 171 ( 2.9%) |
| Median Home Value | $652,230 |
| Average Home Value | $690,710 |
Housing Distribution
Address Breakdown
Residential
5,820
Single Family
5,437
Multi-Family
383
Businesses
734
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vincent Nardone • Engel & Volkers Wellesley
Mls Name: MLS PIN
Mls ID: #73469347