45 Spring St, Lunenburg, MA, 01462 | 5.15% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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45 Spring St, Lunenburg, MA, 01462 | 5.15% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lunenburg at 45 Spring St, Lunenburg, MA, 01462 offers $3,215/mo rent that, after a $3,666/mo payment. Total monthly income is $3,215/mo. Return on cash invested measures 12.73% in year one, and rental yield stands at 5.15% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 64.46% and total cumulative return in cash reaches $158,848. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,215/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Life on the pond ! 120 feet of water front on the lake for your year round enjoyment. Amazing location with plenty of space to entertain friends and family. This two bedroom ranch style home has a one car detached garage on a private road. You will not be disappointed in this lake water front property in Lunenburg on Lake Shirley. The heat pumps are newly installed providing the house with additional heat as well as air conditioning. The house also has an oil heat system with additonal electric heat in the two bedrooms. The compact kitchen has an electric stove with custom cabinets. The large deck overlooks popular Lake Shirley. The landscaped fenced lot has direct lake access with two launch areas and a private dock with custom covered patio overlooking the water. A rare opportunity to own a Summer home or year round sought after residence. Additional lot across the street is part of the sale.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01462, Lunenburg, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,987 (100%)
Owner Occupied HU	3,835 (76.9%)
Renter Occupied HU	923 (18.5%)
Vacant Housing Units	229 ( 4.6%)
Median Home Value	$569,060
Average Home Value	$613,958