454 Main Rd #2MontereyMA01245
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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 Monterey at 454 Main Rd #2, Monterey, MA, 01245 generates $2,260/mo in rent, after a $1,884/mo payment. Total monthly income is $2,260/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 7.04% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 94.61% and total cumulative return in cash sums $120,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,260/mo property income rather than buyer’s personal income.
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
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Listed by: Timothy Lovett • COMPASS MASSACHUSETTS , LLC GB
Mls Name: BCMLS
Mls ID: #247640