5 Ridgewood DrMillburyMA01527
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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
Investment Highlights
Rental property for sale in Millbury at 5 Ridgewood Dr, Millbury, MA, 01527 priced at $499,999 pairs $3,496/mo rent with $345/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,496/mo, and annual cash flow comes to $4,138/yr on $165,750 invested. Return on cash invested is 22.41% in year one, and rental yield stands at 8.39% on a $499,999 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 116.37% and total cumulative return in cash reaches $192,883. For financing, Ziffy Mortgage’s DSCR program evaluates $3,496/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01527, Millbury, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,162 (100%) |
| Owner Occupied HU | 4,393 (71.3%) |
| Renter Occupied HU | 1,540 (25.0%) |
| Vacant Housing Units | 229 ( 3.7%) |
| Median Home Value | $503,073 |
| Average Home Value | $523,471 |
Housing Distribution
Address Breakdown
Residential
5,862
Single Family
5,294
Multi-Family
568
Businesses
438
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Listed by: Jodi Healy • Its My Real Estate
Mls Name: MLS PIN
Mls ID: #73407785