1310 Lenox RdRichmondMA01254
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1310 Lenox Rd, Richmond, MA, 01254 in Richmond hard to pass up. The 11.74% gross yield on a $524,900 purchase results in $5,134/mo in rent and $1,825/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.18). Annual cash flow of $21,903, five-year appreciation of $145,020, and $4,834/yr in equity build-up combine for a projected total cumulative return of $316,795.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.0% |
| Monthly Cash Flow | $1,825 | $400 |
City averages based on Richmond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,134 |
| Total Monthly Debt Service | $3,100 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01254, Richmond, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 526 (100%) |
| Owner Occupied HU | 364 (69.2%) |
| Renter Occupied HU | 37 ( 7.0%) |
| Vacant Housing Units | 125 (23.8%) |
| Median Home Value | $657,767 |
| Average Home Value | $730,151 |
Housing Distribution
Address Breakdown
Residential
409
Single Family
409
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1970
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01254, Richmond, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 526 (100%) |
| Owner Occupied HU | 364 (69.2%) |
| Renter Occupied HU | 37 ( 7.0%) |
| Vacant Housing Units | 125 (23.8%) |
| Median Home Value | $657,767 |
| Average Home Value | $730,151 |
Housing Distribution
Address Breakdown
Residential
409
Single Family
409
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Carrigan • LAMACCHIA REALTY, INC
Mls Name: BCMLS
Mls ID: #246958