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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Franklin at 54 Charles River Dr, Franklin, MA, 02038 offers $5,282/mo rent that, after a $5,629/mo payment. Total monthly income is $5,282/mo. Return on cash invested measures 14.04% in year one, and rental yield stands at 5.51% at a $1,150,000 entry. Equity gained on principal adds $7,421/yr while 5% annual appreciation compounds into $317,724 by year five. Five-year ROI records 71.41% and total cumulative return in cash reaches $266,061. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,282/mo property income versus a $5,629/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02038, Franklin, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,032 (100%) |
| Owner Occupied HU | 9,506 (72.9%) |
| Renter Occupied HU | 3,041 (23.3%) |
| Vacant Housing Units | 485 ( 3.7%) |
| Median Home Value | $666,126 |
| Average Home Value | $703,465 |
Residential
12,677
Single Family
10,723
Multi-Family
1,954
Businesses
935
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $1,150,000 |
| 2004-08-16 | Sold | $655,000 |
| 1998-08-11 | Sold | $359,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $10903.00 | 2.25% | $924,800 | 9.11% |
| 2023-04-01 | $10663.00 | 2.45% | $847,600 | 14.42% |
| 2022-04-01 | $10408.00 | 5.22% | $740,800 | 9.72% |
Listed by: Susan Morrison • RE/MAX Executive Realty
Mls Name: MLS PIN
Mls ID: #73352386
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
