67 Milliken Ave APT 22B, Franklin, MA, 02038 | $540/mo Cash Flow

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67 Milliken Ave APT 22B, Franklin, MA, 02038 | $540/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Franklin at 67 Milliken Ave APT 22B, Franklin, MA, 02038 generates $2,304/mo in rent and, after a $1,370/mo payment, leaves $540/mo in cash flow. Total monthly income is $2,304/mo, and annual cash flow is $6,476/yr on $92,820 invested. Return on cash invested sits at 26.89% in year one, and rental yield is 9.87% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 140.41% and total cumulative return in cash sums $130,329. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,304/mo property income rather than buyer’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

This spacious well maintained and upgraded unit at Milliken Hills is close to everything including Dean college, the train to Boston, Rte 495, shopping, downtown with plenty of restaurants and so much more. Come home to this great condo with the oversized family room, spacious bedrooms and updated kitchen with new refrigerator and garbage disposal. Hot water heater is 4 yrs old. With recent paint, brand new carpeting, plenty of closet space, and a spacious bonus storage closet for those extra items, you surely will not be disappointed. Plenty of parking and coin op laundry on 2nd floor. It's a great place to call home, hold as an investment, or for the student to have as a future investment. Showings begin Saturday 11/22.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02038, Franklin, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,032 (100%)
Owner Occupied HU	9,506 (72.9%)
Renter Occupied HU	3,041 (23.3%)
Vacant Housing Units	485 ( 3.7%)
Median Home Value	$666,126
Average Home Value	$703,465