490 Main St UNIT 107NorthboroughMA01532
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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 Northborough at 490 Main St UNIT 107, Northborough, MA, 01532 uses $157,463 cash to close to unlock $4,392/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $3,360/mo, and a $2,325/mo payment keeps the spread at $366/mo. Purchase price stands at $475,000, and rental yield measures 8.49% with $3,360/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 117.98% and total cumulative return in cash records $185,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Condo
Built in 2006
12.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01532, Northborough, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,936 (100%) |
| Owner Occupied HU | 4,611 (77.7%) |
| Renter Occupied HU | 1,154 (19.4%) |
| Vacant Housing Units | 171 ( 2.9%) |
| Median Home Value | $652,230 |
| Average Home Value | $690,710 |
Housing Distribution
Address Breakdown
Residential
5,820
Single Family
5,437
Multi-Family
383
Businesses
734
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Listed by: Michael P. Hughes • eXp Realty
Mls Name: MLS PIN
Mls ID: #73464062