8 New Spencer Rd, Charlton, MA, 01507 | 6.15% Rental Yield

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Price: $300K - 500K

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8 New Spencer Rd, Charlton, MA, 01507 | 6.15% Rental Yield | 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 Charlton at 8 New Spencer Rd, Charlton, MA, 01507 priced at $795,000 pairs $4,073/mo rent with after a $3,891/mo payment. Total monthly income equals $4,073/mo. Return on cash invested is 15.76% in year one, and rental yield stands at 6.15% on a $795,000 basis. Equity gained on principal adds $5,130/yr, and 5% annual appreciation accumulates to $219,644 by year five. Five-year ROI measures 80.71% and total cumulative return in cash reaches $211,102. For financing, Ziffy Mortgage’s DSCR program evaluates $4,073/mo property income against a $3,891/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1964

2 Acres lot

$N/A/sqft

No HOA

More details about the property

You'll find amazing upgrades at every turn in this 3-bedroom, 2.5 bath home & NEW septic and well . Cooking enthusiasts will wow at the expansive kitchen with center island & granite counters which opens to the dining area and living room with cathedral ceiling and gas fireplace. Three spacious bedrooms overlook the resort-style back yard and a spa-like bath complete with oversized shower with multiple shower heads, soaking tub and double sink vanity. The family room could be a main bedroom with walk in closet, full bath and slider. Enjoy movie nights in the lower-level media room with custom bar and half bath. Outside you'll enjoy your private resort space offering an expansive deck with grill area, paver patio, custom covered hot tub, TV area with firepit, inground pool with Tikki bar & RV pad with electricity. Also included is a dog training facility w/ 24X24 indoor heated facility, indoor/outdoor pro kennels, 40X60 lit & fenced training field, 25X30 play yard. Great HWY access.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01507, Charlton, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,358 (100%)
Owner Occupied HU	4,240 (79.1%)
Renter Occupied HU	869 (16.2%)
Vacant Housing Units	249 ( 4.6%)
Median Home Value	$501,961
Average Home Value	$542,894