470 Main RdMontereyMA01245
Nearby investment properties with comparable rents
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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 470 Main Rd, Monterey, MA, 01245 offers $3,220/mo rent that, after a $2,080/mo payment, leaves $541/mo cash flow. Total monthly income is $3,220/mo, and annual cash flow is $6,498/yr on $140,888 cash. Return on cash invested measures 24.52% in year one, and rental yield stands at 9.09% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 127.73% and total cumulative return in cash reaches $179,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,220/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
2 Acres 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: #248432