556 Central St #132LeominsterMA01453
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 556 Central St #132, Leominster, MA, 01453 in Leominster worth modelling. At $224,900 with a 11.2% gross yield, the $2,100/mo rent leaves $87/mo after the $1,011/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.08 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $62,136 by year five; $2,071/yr in principal reduction adds further equity. Total projected return: $93,615.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.5% |
| Monthly Cash Flow | $87 | $320 |
City averages based on Leominster market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,100 |
| Total Monthly Debt Service | $1,924 |
| DSCR Ratio | 1.09x |
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.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
$596 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01453, Leominster, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,999 (100%) |
| Owner Occupied HU | 10,672 (56.2%) |
| Renter Occupied HU | 7,544 (39.7%) |
| Vacant Housing Units | 783 ( 4.1%) |
| Median Home Value | $427,892 |
| Average Home Value | $457,228 |
Housing Distribution
Address Breakdown
Residential
17,996
Single Family
14,896
Multi-Family
3,100
Businesses
1,857
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
Manufactured
Built in 2000
N/A lot
$N/A/sqft
$596 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01453, Leominster, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,999 (100%) |
| Owner Occupied HU | 10,672 (56.2%) |
| Renter Occupied HU | 7,544 (39.7%) |
| Vacant Housing Units | 783 ( 4.1%) |
| Median Home Value | $427,892 |
| Average Home Value | $457,228 |
Housing Distribution
Address Breakdown
Residential
17,996
Single Family
14,896
Multi-Family
3,100
Businesses
1,857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices