48 Evergreen Rd #306LeedsMA01053
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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
Investment property for sale in Leeds at 48 Evergreen Rd #306, Leeds, MA, 01053 uses $95,804 cash to close to unlock $1,896/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,415/mo payment keeps the spread at $158/mo. Purchase price stands at $289,000, and rental yield measures 8.22% with $1,980/mo rent. Return on cash invested shows 21.89% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 113.58% and total cumulative return in cash records $108,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,415/mo payment rather than investor’s personal income.
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
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Listed by: Denny R. Nolan • Denny Nolan Real Estate
Mls Name: MLS PIN
Mls ID: #73427521