88A Elm St, Framingham, MA, 01701 | $644/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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88A Elm St, Framingham, MA, 01701 | $644/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 Framingham at 88A Elm St, Framingham, MA, 01701 uses $116,025 cash to close to unlock $7,729/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $2,850/mo, and a $1,713/mo payment keeps the spread at $644/mo. Purchase price stands at $350,000, and rental yield measures 9.77% with $2,850/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 138.75% and total cumulative return in cash records $160,982. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,850/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

Awesome opportunity to stop renting and own your own in Saxonville neighborhood! Cozy 2 bedroom, 1 bath unit with gorgeous hardwood flooring, rustic beams and gas fireplace with rustic mantle. Open concept living, dining & kitchen area with in unit laundry and huge locked storage room in basement. Newer hot water heater, 2019 roof, 4 units with owner association. Lowest condo fee in the area!!! Commuters dream location, close to everything restaurants, shopping, Mass Pike, Logan express, etc. Perfect for first time home buyer or downsizing.

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