92 Wallace AveAuburnMA01501
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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
Investment Highlights
Rental property for sale in Auburn at 92 Wallace Ave, Auburn, MA, 01501 generates $3,253/mo in rent, after a $3,862/mo payment. Total monthly income is $3,253/mo. Return on cash invested sits at 12.11% in year one, and rental yield is 4.95% on a $789,000 entry. Equity gained on principal adds $5,091/yr, while 5% annual appreciation builds toward $217,986 over five years. Five-year ROI reaches 61.13% and total cumulative return in cash sums $158,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,253/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01501, Auburn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,001 (100%) |
| Owner Occupied HU | 5,649 (80.7%) |
| Renter Occupied HU | 1,145 (16.4%) |
| Vacant Housing Units | 207 ( 3.0%) |
| Median Home Value | $464,631 |
| Average Home Value | $516,225 |
Housing Distribution
Address Breakdown
Residential
6,993
Single Family
6,391
Multi-Family
602
Businesses
809
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Listed by: Samantha Butkiewicus • ERA Key Realty Services- Spenc
Mls Name: MLS PIN
Mls ID: #73391206