7 Canal StMillburyMA01527
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7 Canal St, Millbury, MA, 01527 offers $2,830/mo rent that, after a $1,713/mo payment, leaves $624/mo cash flow. Total monthly income is $2,830/mo, and annual cash flow is $7,489/yr on $116,025 cash. Return on cash invested measures 26.36% in year one, and rental yield stands at 9.7% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 137.64% and total cumulative return in cash reaches $159,698. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,830/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
4,600 sqft 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: Tony Palmerino • Real Broker MA, LLC
Mls Name: MLS PIN
Mls ID: #73468972