169 Berkeley St, Methuen, MA, 01844 | $1,173/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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169 Berkeley St, Methuen, MA, 01844 | $1,173/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Methuen at 169 Berkeley St, Methuen, MA, 01844 priced at $699,900 converts $5,585/mo rent into $1,173/mo cash flow after a $3,426/mo obligation. Total monthly income equals $5,585/mo, and annual cash flow totals $14,080/yr on $230,267 invested. Return on cash invested prints 26.17% in year one, and rental yield reads 9.58% against a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation compiles into $193,369 by year five. Five-year ROI reaches 136.57% and total cumulative return in cash sums $314,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,585/mo property income covering a $3,426/mo payment, not borrower’s personal income.

Single Family

Built in 1980

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Incredible opportunity to make this property your next home! On the main level, you'll find a modern, free-flowing open concept, a large living-room with a decorative fire place and lots of natural sunlight, a spacious kitchen with direct access to the sweeping back deck. All three bedrooms are housed on the main level and offer great amount of space. Off the deck, you have direct access to the above-ground pool and to the expansive back yard. The finished basement accommodates remarkable extra space to fit the family room, the entertainment room and a full-size bathroom with some space still left over for any personal touches. This home sits on a generous, half-acre lot, in a neighborhood that is surrounded by notable historic and cultural sites and is conveniently positioned to nearby roads like route 213 linking I-93 and I-495.

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