46 Mirimichi StPlainvilleMA02762
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
Investment Highlights
Rental property for sale in Plainville at 46 Mirimichi St, Plainville, MA, 02762 priced at $999,900 converts $7,114/mo rent into $812/mo cash flow after a $4,894/mo obligation. Total monthly income equals $7,114/mo, and annual cash flow totals $9,742/yr on $328,967 invested. Return on cash invested prints 23.02% in year one, and rental yield reads 8.54% against a $999,900 entry. Equity gained on principal adds $6,452/yr, while 5% annual appreciation compiles into $276,254 by year five. Five-year ROI reaches 119.64% and total cumulative return in cash sums $393,584. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,114/mo property income covering a $4,894/mo payment, not borrower’s personal income.
Single Family
Built in 2004
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02762, Plainville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,366 (100%) |
| Owner Occupied HU | 2,834 (64.9%) |
| Renter Occupied HU | 1,347 (30.9%) |
| Vacant Housing Units | 185 ( 4.2%) |
| Median Home Value | $605,761 |
| Average Home Value | $686,642 |
Housing Distribution
Address Breakdown
Residential
4,149
Single Family
3,497
Multi-Family
652
Businesses
423
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Listed by: Julie Bellas • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73465933