11 Smokerise DrChelmsfordMA01824
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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 Chelmsford at 11 Smokerise Dr, Chelmsford, MA, 01824 generates $5,639/mo in rent and, after a $4,148/mo payment, leaves $297/mo in cash flow. Total monthly income is $5,639/mo, and annual cash flow is $3,569/yr on $278,828 invested. Return on cash invested sits at 21.34% in year one, and rental yield is 7.98% on a $847,500 entry. Equity gained on principal adds $5,469/yr, while 5% annual appreciation builds toward $234,149 over five years. Five-year ROI reaches 110.64% and total cumulative return in cash sums $308,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,639/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01824, Chelmsford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,880 (100%) |
| Owner Occupied HU | 8,387 (77.1%) |
| Renter Occupied HU | 2,006 (18.4%) |
| Vacant Housing Units | 487 ( 4.5%) |
| Median Home Value | $654,495 |
| Average Home Value | $688,979 |
Housing Distribution
Address Breakdown
Residential
10,528
Single Family
8,496
Multi-Family
2,032
Businesses
1,088
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Listed by: Barbara Faria • ERA Key Realty Services
Mls Name: MLS PIN
Mls ID: #73466603