64 Millbury AveMillburyMA01527
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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 Millbury at 64 Millbury Ave, Millbury, MA, 01527 generates $4,195/mo in rent and, after a $2,814/mo payment, leaves $571/mo in cash flow. Total monthly income is $4,195/mo, and annual cash flow is $6,856/yr on $189,142 invested. Return on cash invested sits at 23.69% in year one, and rental yield is 8.76% on a $574,900 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,834 over five years. Five-year ROI reaches 123.22% and total cumulative return in cash sums $233,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,195/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01527, Millbury, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,162 (100%) |
| Owner Occupied HU | 4,393 (71.3%) |
| Renter Occupied HU | 1,540 (25.0%) |
| Vacant Housing Units | 229 ( 3.7%) |
| Median Home Value | $503,073 |
| Average Home Value | $523,471 |
Housing Distribution
Address Breakdown
Residential
5,862
Single Family
5,294
Multi-Family
568
Businesses
438
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Listed by: Erin Corley • J. Christopher Real Estate Grp
Mls Name: StateWide MLS RI
Mls ID: #1395475