63 Olde Colonial Dr APT 1GardnerMA01440
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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 Gardner at 63 Olde Colonial Dr APT 1, Gardner, MA, 01440 priced at $265,000 converts $2,210/mo rent into $106/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,210/mo, and annual cash flow totals $1,269/yr on $87,848 invested. Return on cash invested prints 21.35% in year one, and rental yield reads 10.01% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 112.88% and total cumulative return in cash sums $99,159. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,210/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
$434 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01440, Gardner, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,823 (100%) |
| Owner Occupied HU | 5,104 (52.0%) |
| Renter Occupied HU | 4,026 (41.0%) |
| Vacant Housing Units | 693 ( 7.1%) |
| Median Home Value | $347,548 |
| Average Home Value | $406,369 |
Housing Distribution
Address Breakdown
Residential
8,993
Single Family
7,174
Multi-Family
1,819
Businesses
598
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Listed by: Dan Petrone • eXp Realty
Mls Name: MLS PIN
Mls ID: #73305863
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