6 Hastings RdSpencerMA01562
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
Investment Highlights
Rental property for sale in Spencer at 6 Hastings Rd, Spencer, MA, 01562 offers $2,635/mo rent that, after a $1,615/mo payment, leaves $555/mo cash flow. Total monthly income is $2,635/mo, and annual cash flow is $6,663/yr on $109,395 cash. Return on cash invested measures 26% in year one, and rental yield stands at 9.58% at a $329,999 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,173 by year five. Five-year ROI records 135.68% and total cumulative return in cash reaches $148,426. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,635/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,340 (60.2%) |
| Renter Occupied HU | 1,867 (33.7%) |
| Vacant Housing Units | 341 ( 6.1%) |
| Median Home Value | $426,833 |
| Average Home Value | $470,553 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
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Listed by: Adreanna Peterson • eXp Realty
Mls Name: MLS PIN
Mls ID: #73465192