14 Kenmar Dr Unit 111BillericaMA01821
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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 Billerica at 14 Kenmar Dr Unit 111, Billerica, MA, 01821 uses $119,340 cash to close to unlock $7,236/yr annual cash flow and $603/mo monthly cash flow. Total monthly income runs $2,872/mo, and a $1,762/mo payment keeps the spread at $603/mo. Purchase price stands at $360,000, and rental yield measures 9.57% with $2,872/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash records $161,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,872/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01821, Billerica, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,679 (100%) |
| Owner Occupied HU | 8,996 (77.0%) |
| Renter Occupied HU | 2,343 (20.1%) |
| Vacant Housing Units | 340 ( 2.9%) |
| Median Home Value | $642,849 |
| Average Home Value | $669,460 |
Housing Distribution
Address Breakdown
Residential
11,236
Single Family
9,345
Multi-Family
1,891
Businesses
714
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Listed by: Norma Salvador • Stuart St James, Inc.
Mls Name: MLS PIN
Mls ID: #73446470