490 Main St UNIT 301, Northborough, MA, 01532 | $701/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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490 Main St UNIT 301, Northborough, MA, 01532 | $701/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Northborough at 490 Main St UNIT 301, Northborough, MA, 01532 uses $149,175 cash to close to unlock $8,415/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $3,538/mo, and a $2,203/mo payment keeps the spread at $701/mo. Purchase price stands at $450,000, and rental yield measures 9.43% with $3,538/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 133.26% and total cumulative return in cash records $198,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,538/mo property income covering a $2,203/mo payment rather than investor’s personal income.

Condo

Built in 2006

12.26 Acres lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSE CANCELLED!! PHEASANT HILL 55+ Adult Community on 12 acres of lovely, bucolic wonderland*Beautiful morning sun floods your home & warms your private covered porch*An Elegant and elevated paradise all reached from your elevator from the lovely, welcoming entry Foyer or from your private garage*OPEN FLOW living*Warm wood Kitchen with island with generous seating is the heart of the home w/built-in pantry and plenty of cabinets & counters for all of your cooking needs opens to generous Dining Room/Living Room combo with gas fireplace & crown molding*In-unit laundry w/storage area*Primary Suite w/plenty of closet space & luxurious bath plus a 2nd bedroom w/access to the full bath in the hallway - wonderful for entertaining yet providing privacy*Common Exercise Room to foster a healthy lifestyle*Terrific gathering areas w/ample seating areas in multiple locations*Commuter dream location close to main routes, stores & restaurants*

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