575 Union Ave APT 1, Framingham, MA, 01702 | 6.84% Rental Yield

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575 Union Ave APT 1, Framingham, MA, 01702 | 6.84% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Framingham at 575 Union Ave APT 1, Framingham, MA, 01702 generates $2,160/mo in rent, after a $1,855/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 17.72% in year one, and rental yield is 6.84% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 91.31% and total cumulative return in cash sums $114,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.

Condo

Built in 1954

N/A lot

$N/A/sqft

No HOA

More details about the property

FOR SALE BY OWNER BUYERS AGENTS WELCOME Contact Owner: emailaveerian@gmail.com (Preferred) 240-477-9939 Spacious 2-bedroom, 1-bath condo at Prescott Gardens, located on Union Ave in the heart of Framingham. This home offers comfort, convenience, and privacy. The two-floor (townhome-style) corner unit features a bright open layout, a functional kitchen, generous living and dining areas, and a private patio. This is a three-level condo: Level 0: Basement Level 1: Living room and kitchen Level 2: Two bedrooms and one bathroom The kitchen features granite countertops, ample cabinet space, and a cozy layout ideal for everyday use. Both bedrooms are generously sized with large closets. The bright, well-maintained bathroom includes an exhaust fan, Bluetooth audio, and a linen closet. The HOA covers on-site professional management, heat, hot water, landscaping, and snow removal. One assigned parking space is included. Ideally located near Routes 9, 495, and the Mass Pike, as well as shops, dining, and the commuter rail. A lively, friendly, multicultural community. Property Updates and Upgrades Hardwood flooring in living room and kitchen 2025 Brand-new patio 2025 Granite countertop and modern backsplash 2020 Upgraded electrical system 2020 Reasonable offers will be considered! The seller welcomes all reasonable serious offers. In the event of competing bids, the seller retains full discretion in selecting the preferred offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01702, Framingham, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,659 (100%)
Owner Occupied HU	5,109 (30.7%)
Renter Occupied HU	10,363 (62.2%)
Vacant Housing Units	1,187 ( 7.1%)
Median Home Value	$638,883
Average Home Value	$678,365