40 Lakeview DrLeicesterMA01524
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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 Leicester at 40 Lakeview Dr, Leicester, MA, 01524 generates $3,653/mo in rent and, after a $2,668/mo payment, leaves $217/mo in cash flow. Total monthly income is $3,653/mo, and annual cash flow is $2,610/yr on $179,305 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 8.04% on a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 111.58% and total cumulative return in cash sums $200,076. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,653/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01524, Leicester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 2,121 (78.4%) |
| Renter Occupied HU | 498 (18.4%) |
| Vacant Housing Units | 88 ( 3.3%) |
| Median Home Value | $485,208 |
| Average Home Value | $543,716 |
Housing Distribution
Address Breakdown
Residential
2,545
Single Family
2,404
Multi-Family
141
Businesses
162
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Listed by: Jeffrey Wallace • Reference Real Estate
Mls Name: MLS PIN
Mls ID: #73451843