7 Howe Rd, Spencer, MA, 01562 | $516/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7 Howe Rd, Spencer, MA, 01562 | $516/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

Investment property for sale in Spencer at 7 Howe Rd, Spencer, MA, 01562 uses $165,717 cash to close to unlock $6,192/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $3,667/mo, and a $2,447/mo payment keeps the spread at $516/mo. Purchase price stands at $499,900, and rental yield measures 8.8% with $3,667/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 123.01% and total cumulative return in cash records $203,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,667/mo property income covering a $2,447/mo payment rather than investor’s personal income.

Single Family

Built in 1987

2.25 Acres lot

$N/A/sqft

No HOA

More details about the property

First time on the market! One owner, spacious 4-bedroom, 2 full and 2 half bath Colonial set on 2.25 beautiful, level acres near Howe State Park! This is an amazing, highly desirable location that has total privacy without isolation! Enjoy walking trails right down the road at the park! (5 minute walk from the house)The home features include a large kitchen perfect for gatherings,fireplaced livingroom, main suite with full bath, generous sized bedrooms and much more. Wide open floor plan invites entertaining! A full, walk-out basement offering great potential for additional living space, and an attached garage with workspace for convenience. Lovely expansive lot is ideal for outdoor activities, gardening, or simply relaxing in a private, natural settingall while being close to schools, shopping, and major commuter routes.(Less than 15 minutes to MA pike) Relax on the farmers porch while enjoying natures surroundings! Quick occupancy available! Move in before the holidays!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01562, Spencer, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,548 (100%)
Owner Occupied HU	3,340 (60.2%)
Renter Occupied HU	1,867 (33.7%)
Vacant Housing Units	341 ( 6.1%)
Median Home Value	$426,833
Average Home Value	$470,553