7 Howe RdSpencerMA01562
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,666
Multi-Family
296
Businesses
262
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Listed by: Donna Flannery • ERA Key Realty Services- Spenc
Mls Name: MLS PIN
Mls ID: #73433549