616 Grove StFraminghamMA01701
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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 Framingham at 616 Grove St, Framingham, MA, 01701 generates $5,375/mo in rent, after a $4,648/mo payment. Total monthly income is $5,375/mo. Return on cash invested sits at 17.72% in year one, and rental yield is 6.79% on a $949,700 entry. Equity gained on principal adds $6,128/yr, while 5% annual appreciation builds toward $262,385 over five years. Five-year ROI reaches 91.2% and total cumulative return in cash sums $284,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,375/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01701, Framingham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,321 (100%) |
| Owner Occupied HU | 10,030 (75.3%) |
| Renter Occupied HU | 2,927 (22.0%) |
| Vacant Housing Units | 364 ( 2.7%) |
| Median Home Value | $666,466 |
| Average Home Value | $736,228 |
Housing Distribution
Address Breakdown
Residential
13,162
Single Family
11,225
Multi-Family
1,937
Businesses
1,340
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Listed by: Mark A. Maraglia • EXIT Premier Real Estate
Mls Name: MLS PIN
Mls ID: #73391680