490 Main St Unit 205NorthboroughMA01532
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 490 Main St Unit 205, Northborough, MA, 01532 in Northborough achieves 1.71, rent of $3,383/mo covers the $1,974/mo payment 1.5x over at $439,000. Rental yield 9.25%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $121,288 over five years, with $4,043/yr in principal reduction bringing total projected return to $206,328.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 5.2% |
| Monthly Cash Flow | $(3) | $750 |
City averages based on Northborough market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,383 |
| Total Monthly Debt Service | $2,592 |
| DSCR Ratio | 1.31x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73500282