81 Nicholas Rd APT BFraminghamMA01701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Framingham at 81 Nicholas Rd APT B, Framingham, MA, 01701 uses $107,704 cash to close to unlock $9,317/yr annual cash flow and $776/mo monthly cash flow. Total monthly income runs $2,824/mo, and a $1,590/mo payment keeps the spread at $776/mo. Purchase price stands at $324,900, and rental yield measures 10.43% with $2,824/mo rent. Return on cash invested shows 28.56% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 149.4% and total cumulative return in cash records $160,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,824/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01701, Framingham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,321 (100%) |
| Owner Occupied HU | 10,030 (75.3%) |
| Renter Occupied HU | 2,927 (22.0%) |
| Vacant Housing Units | 364 ( 2.7%) |
| Median Home Value | $666,466 |
| Average Home Value | $736,228 |
Housing Distribution
Address Breakdown
Residential
13,162
Single Family
11,225
Multi-Family
1,937
Businesses
1,340
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Jenkins • RE/MAX Realty Experts
Mls Name: MLS PIN
Mls ID: #73454183