51 Olde Colonial Dr APT 3GardnerMA01440
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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 Gardner at 51 Olde Colonial Dr APT 3, Gardner, MA, 01440 uses $85,925 cash to close to unlock $7,092/yr annual cash flow and $591/mo monthly cash flow. Total monthly income runs $2,506/mo, and a $1,269/mo payment keeps the spread at $591/mo. Purchase price stands at $259,200, and rental yield measures 11.6% with $2,506/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $71,612 over five years. Five-year ROI reaches 148.66% and total cumulative return in cash records $127,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,506/mo property income covering a $1,269/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$281 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01440, Gardner, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,823 (100%) |
| Owner Occupied HU | 5,104 (52.0%) |
| Renter Occupied HU | 4,026 (41.0%) |
| Vacant Housing Units | 693 ( 7.1%) |
| Median Home Value | $347,548 |
| Average Home Value | $406,369 |
Housing Distribution
Address Breakdown
Residential
8,993
Single Family
7,174
Multi-Family
1,819
Businesses
598
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