59 School St APT B-12, Northborough, MA, 01532 | $203/mo Cash Flow

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59 School St APT B-12, Northborough, MA, 01532 | $203/mo Cash Flow | 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

Investment property for sale in Northborough at 59 School St APT B-12, Northborough, MA, 01532 offers a 8.54% rental yield on a $249,900 purchase with $1,778/mo rent. Total monthly income registers $1,778/mo, and a $1,223/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,437/yr on $82,842 to close, and return on cash invested stands at 22.85% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 118.81% and total cumulative return in cash at $98,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,778/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1969

N/A lot

$N/A/sqft

No HOA

More details about the property

Top-floor unit in desirable Parliament Court, privately situated with peaceful rear-facing views of the woods. The spacious living room features a slider to a private balcony, perfect for relaxing or enjoying nature. The kitchen offers abundant cabinetry and flows into a bright dining area with a large storage closet. The primary bedroom is king-sized with a walk-in closet, and the second bedroom is also generously sized. The full bath includes a vanity with a solid-surface countertop, and the tiled tub wall has been freshly caulked. Recent updates include a 1-year-old central air system. Fantastic location close to parks, downtown, and local amenities. Move-in readydont miss this one!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01532, Northborough, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,936 (100%)
Owner Occupied HU	4,611 (77.7%)
Renter Occupied HU	1,154 (19.4%)
Vacant Housing Units	171 ( 2.9%)
Median Home Value	$652,230
Average Home Value	$690,710