697 Florence RdNorthamptonMA01062
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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
Investment property for sale in Northampton at 697 Florence Rd, Northampton, MA, 01062 offers a 7.54% rental yield on a $635,000 purchase with $3,989/mo rent. 98% in year one. Equity gained on principal adds $4,098/yr while 5% annual appreciation supports $175,439 over five years. Portfolio math shows five-year ROI at 103.36% and total cumulative return in cash at $215,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,989/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01062, Florence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,016 (100%) |
| Owner Occupied HU | 3,533 (70.4%) |
| Renter Occupied HU | 1,270 (25.3%) |
| Vacant Housing Units | 213 ( 4.2%) |
| Median Home Value | $519,261 |
| Average Home Value | $553,756 |
Housing Distribution
Address Breakdown
Residential
4,798
Single Family
4,267
Multi-Family
531
Businesses
407
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Listed by: Amy Heflin • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73473297