48 Evergreen Rd #306LeedsMA01053
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $289,000, 48 Evergreen Rd #306, Leeds, MA, 01053 in Leeds generates $1,980/mo in rent (8.22% yield) but nets only $158/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.52) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $79,845. Total projected return: $119,884.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.5% |
| Monthly Cash Flow | $158 | $1,100 |
City averages based on Leeds market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,707 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01053, Leeds, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 718 (100%) |
| Owner Occupied HU | 492 (68.5%) |
| Renter Occupied HU | 181 (25.2%) |
| Vacant Housing Units | 45 ( 6.3%) |
| Median Home Value | $520,992 |
| Average Home Value | $601,479 |
Housing Distribution
Address Breakdown
Residential
687
Single Family
564
Multi-Family
123
Businesses
55
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 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01053, Leeds, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 718 (100%) |
| Owner Occupied HU | 492 (68.5%) |
| Renter Occupied HU | 181 (25.2%) |
| Vacant Housing Units | 45 ( 6.3%) |
| Median Home Value | $520,992 |
| Average Home Value | $601,479 |
Housing Distribution
Address Breakdown
Residential
687
Single Family
564
Multi-Family
123
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Denny R. Nolan • Denny Nolan Real Estate
Mls Name: MLS PIN
Mls ID: #73427521