454 Main Rd #2MontereyMA01245
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 454 Main Rd #2, Monterey, MA, 01245 in Monterey is a conservative rental investment at $385,000. Rental yield 7.04%. A 1.31 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $106,368; $3,546/yr in principal paydown supplements. Total projected return: $135,472.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 5.5% |
| Monthly Cash Flow | $(167) | $400 |
City averages based on Monterey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,260 |
| Total Monthly Debt Service | $2,273 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1790
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01245, Monterey, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 708 (100%) |
| Owner Occupied HU | 320 (45.2%) |
| Renter Occupied HU | 65 ( 9.2%) |
| Vacant Housing Units | 323 (45.6%) |
| Median Home Value | $590,625 |
| Average Home Value | $781,008 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
33
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
Condo
Built in 1790
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01245, Monterey, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 708 (100%) |
| Owner Occupied HU | 320 (45.2%) |
| Renter Occupied HU | 65 ( 9.2%) |
| Vacant Housing Units | 323 (45.6%) |
| Median Home Value | $590,625 |
| Average Home Value | $781,008 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Timothy Lovett • COMPASS MASSACHUSETTS , LLC GB
Mls Name: BCMLS
Mls ID: #247640