57 Horne Way UNIT 57MillburyMA01527
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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 Millbury at 57 Horne Way UNIT 57, Millbury, MA, 01527 offers a 7.6% rental yield on a $455,900 purchase with $2,887/mo rent. Total monthly income registers $2,887/mo, and a $2,231/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $167/yr on $151,131 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $2,942/yr while 5% annual appreciation supports $125,957 over five years. Portfolio math shows five-year ROI at 103.58% and total cumulative return in cash at $156,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,887/mo property income against a $2,231/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
N/A 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: Aimee Mannix • REMAX Executive Realty
Mls Name: MLS PIN
Mls ID: #73466288