85 Ridgewood Ln APT 18GardnerMA01440
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 Gardner at 85 Ridgewood Ln APT 18, Gardner, MA, 01440 listed at $169,000 pairs $1,339/mo rent with a $827/mo payment to leave $274/mo cash flow. Total monthly income runs $1,339/mo, and annual cash flow reaches $3,288/yr on $56,024 cash to close. Return on cash invested measures 25.78% in year one, and rental yield registers 9.51% at a $169,000 basis. Equity gained on principal adds $1,091/yr, and annual property appreciation at 5% supports $46,692 by year five. Five-year ROI tracks 134.46% and total cumulative return in cash totals $75,331. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,339/mo property income relative to a $827/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01440, Gardner, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,823 (100%) |
| Owner Occupied HU | 5,104 (52.0%) |
| Renter Occupied HU | 4,026 (41.0%) |
| Vacant Housing Units | 693 ( 7.1%) |
| Median Home Value | $347,548 |
| Average Home Value | $406,369 |
Housing Distribution
Address Breakdown
Residential
8,993
Single Family
7,174
Multi-Family
1,819
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: T. Jay Johnson Jr. • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73431326