4 Helen Ln #4MillisMA02054
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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
Rental property for sale in Millis at 4 Helen Ln #4, Millis, MA, 02054 priced at $944,700 converts $2,840/mo rent into after a $4,624/mo obligation. Total monthly income equals $2,840/mo. Return on cash invested prints 5.62% in year one, and rental yield reads 3.61% against a $944,700 entry. Equity gained on principal adds $6,096/yr, while 5% annual appreciation compiles into $261,003 by year five. Five-year ROI reaches 27.22% and total cumulative return in cash sums $84,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,840/mo property income covering a $4,624/mo payment, not borrower’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$625 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,668
Single Family
3,312
Multi-Family
356
Businesses
266
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Listed by: N/A • N/A
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls Provider:
Mls ID: #73376331