68 Lake AveLeicesterMA01524
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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 Leicester at 68 Lake Ave, Leicester, MA, 01524 priced at $381,100 pairs $2,274/mo rent with after a $1,865/mo payment. Total monthly income equals $2,274/mo. Return on cash invested is 18.7% in year one, and rental yield stands at 7.16% on a $381,100 basis. Equity gained on principal adds $2,459/yr, and 5% annual appreciation accumulates to $105,291 by year five. Five-year ROI measures 96.5% and total cumulative return in cash reaches $121,918. For financing, Ziffy Mortgage’s DSCR program evaluates $2,274/mo property income against a $1,865/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1931
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01524, Leicester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,707 (100%) |
| Owner Occupied HU | 2,121 (78.4%) |
| Renter Occupied HU | 498 (18.4%) |
| Vacant Housing Units | 88 ( 3.3%) |
| Median Home Value | $485,208 |
| Average Home Value | $543,716 |
Housing Distribution
Address Breakdown
Residential
2,545
Single Family
2,404
Multi-Family
141
Businesses
162
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Listed by: N/A • N/A
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