1 Riverview Blvd APT 3-8MethuenMA01844
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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 3-8, Methuen, MA, 01844 with 5% annual appreciation on a $475,000 basis while $3,907/mo rent supports operations. Total monthly income totals $3,907/mo and a $2,325/mo payment preserves $913/mo for cash returns. Annual cash flow comes to $10,956/yr on $157,463 deployed, and return on cash invested reaches 26.87% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 9.87%. Five-year ROI measures 140.33% and total cumulative return in cash totals $220,963.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,907/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1998
N/A lot
$N/A/sqft
No 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: Debra A. Lyons • Berkshire Hathaway HomeServices Verani Realty Methuen
Mls Name: MLS PIN
Mls ID: #73421587