6 Pitcairn AvenueLeicesterMA01524
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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
Rental property for sale in Leicester at 6 Pitcairn Avenue, Leicester, MA, 01524 priced at $449,000 converts $3,157/mo rent into $327/mo cash flow after a $2,198/mo obligation. Total monthly income equals $3,157/mo, and annual cash flow totals $3,920/yr on $148,844 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 8.44% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 117.11% and total cumulative return in cash sums $174,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,157/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01524, Leicester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 2,121 (78.4%) |
| Renter Occupied HU | 498 (18.4%) |
| Vacant Housing Units | 88 ( 3.3%) |
| Median Home Value | $485,208 |
| Average Home Value | $543,716 |
Housing Distribution
Address Breakdown
Residential
2,545
Single Family
2,404
Multi-Family
141
Businesses
162
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Listed by: Al Dancy • The Neighborhood Realty Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24119681
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.