740 Central St UNIT J11, Leominster, MA, 01453 | $733/mo Cash Flow

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Price: $300K - 500K

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740 Central St UNIT J11, Leominster, MA, 01453 | $733/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 Leominster at 740 Central St UNIT J11, Leominster, MA, 01453 earns $733/mo cash flow from $1,924/mo rent with a $925/mo payment. Total monthly income totals $1,924/mo, and annual cash flow totals $8,796/yr on $62,616 capital. ROI tracks 33.96% on current figures, and rental yield reads 12.22% at a $188,888 purchase. Equity gained on principal adds $1,219/yr, and 5% annual appreciation supports $52,186 over five years. Five-year ROI reaches 178.3% and total cumulative return in cash sums $111,647. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,924/mo property income instead of your personal income.

Condo

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

Don't miss this opportunity to own(0.4656%) an affordable 2 bedroom condo near rte 2. Great commuter location. New hot water tank 2022. Priced for you to make this your own and add your flare of home ownership. All carpet has been removed and owner offers a $4500.00 credit at closing to choose your own new flooring. Unit has been professionally cleaned and is now vacant. Quick closing is possible. New owner can obtain 2 parking stickers from onsite maintenance. This is a 3rd floor unit meaning there are no units above you. Please check with your mortgage officer before you make an appointment as to whether they lend condos in Central Village. FHA will not approve, so that may apply to other types of financing as well

Neighborhood Data

Neighborhood data shown for ZIP Code: 01453, Leominster, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,999 (100%)
Owner Occupied HU	10,672 (56.2%)
Renter Occupied HU	7,544 (39.7%)
Vacant Housing Units	783 ( 4.1%)
Median Home Value	$427,892
Average Home Value	$457,228