16 Washington StNorth ChelmsfordMA01863
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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 North Chelmsford at 16 Washington St, North Chelmsford, MA, 01863 offers a 5.28% rental yield on a $825,000 purchase with $3,627/mo rent. 11% in year one. Equity gained on principal adds $5,324/yr while 5% annual appreciation supports $227,932 over five years. Portfolio math shows five-year ROI at 66.49% and total cumulative return in cash at $180,465. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,627/mo property income against a $4,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01863, North Chelmsford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,977 (100%) |
| Owner Occupied HU | 2,881 (72.4%) |
| Renter Occupied HU | 938 (23.6%) |
| Vacant Housing Units | 158 ( 4.0%) |
| Median Home Value | $579,732 |
| Average Home Value | $601,258 |
Housing Distribution
Address Breakdown
Residential
4,045
Single Family
2,708
Multi-Family
1,337
Businesses
367
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Listed by: Andrew Chalmers • EA Realty Team
Mls Name: MLS PIN
Mls ID: #73398157