1 Riverview Blvd APT 2-106MethuenMA01844
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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
Investment property for sale in Methuen at 1 Riverview Blvd APT 2-106, Methuen, MA, 01844 offers a 10.69% rental yield on a $387,500 purchase with $3,451/mo rent. Total monthly income registers $3,451/mo, and a $1,897/mo payment leaves $557/mo available for distribution. Annual cash flow reaches $6,687/yr on $128,456 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $2,500/yr while 5% annual appreciation supports $107,059 over five years. Portfolio math shows five-year ROI at 132.46% and total cumulative return in cash at $170,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,451/mo property income against a $1,897/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
N/A lot
$N/A/sqft
$451 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01844, Methuen, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,798 (100%) |
| Owner Occupied HU | 13,957 (67.1%) |
| Renter Occupied HU | 6,036 (29.0%) |
| Vacant Housing Units | 805 ( 3.9%) |
| Median Home Value | $562,820 |
| Average Home Value | $564,968 |
Housing Distribution
Address Breakdown
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
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Listed by: Christina Silva • Silver Key Homes Realty
Mls Name: MLS PIN
Mls ID: #73386938
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