7 Howard Pl, Franklin, MA, 02038 | $953/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7 Howard Pl, Franklin, MA, 02038 | $953/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 7 Howard Pl, Franklin, MA, 02038 offers $3,474/mo rent that, after a $1,958/mo payment, leaves $953/mo cash flow. Total monthly income is $3,474/mo, and annual cash flow is $11,432/yr on $132,600 cash. Return on cash invested measures 28.53% in year one, and rental yield stands at 10.42% at a $400,000 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,513 by year five. Five-year ROI records 149.22% and total cumulative return in cash reaches $197,872. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,474/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1865

7,235 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 7 Howard Place! Nestled in the heart of Franklin this Village Colonial offers 3 bedrooms and 1 bathroom. The main level features a kitchen, dining room, living room and full bathroom. Off the living room is access to the covered porch that overlooks the flat fenced in back yard! All 3 bedrooms are situated on the second floor. The walkout basement provides ample storage and washer/dryer hookup. Sitting on a small dead-end street, the homes convenient location is short walk to Franklin Town Center with shops, restaurants and MBTA station, as well as the Fletcher Field Park with sports fields, basketball courts and a playground. Looking to downsize? Sick of paying rent? Don't miss this opportunity!

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