62 E Main StErvingMA01344
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow62 E Main St, Erving, MA, 01344 in Erving is a top-tier cash-flow asset. At $259,900 it produces $2,434/mo in rent and $795/mo in net monthly income, a 11.24% gross rental yield. The DSCR of 2.08 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $9,546. Five-year appreciation adds $71,806, driving a total cumulative return of $149,868.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.2% |
| Monthly Cash Flow | $795 | $350 |
City averages based on Erving market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,434 |
| Total Monthly Debt Service | $1,535 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1800
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01344, Erving, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 547 (77.8%) |
| Renter Occupied HU | 130 (18.5%) |
| Vacant Housing Units | 26 ( 3.7%) |
| Median Home Value | $305,122 |
| Average Home Value | $301,042 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
621
Multi-Family
33
Businesses
24
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
Single Family
Built in 1800
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01344, Erving, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 547 (77.8%) |
| Renter Occupied HU | 130 (18.5%) |
| Vacant Housing Units | 26 ( 3.7%) |
| Median Home Value | $305,122 |
| Average Home Value | $301,042 |
Housing Distribution
Address Breakdown
Residential
654
Single Family
621
Multi-Family
33
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73493044