187 Mill RdChelmsfordMA01824
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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 Chelmsford at 187 Mill Rd, Chelmsford, MA, 01824 with 5% annual appreciation on a $689,999 basis while $4,254/mo rent supports operations. 56% in year one. Equity gained on principal adds $4,452/yr, and five-year appreciation sums $190,634 alongside rental yield of 7.4%. Five-year ROI measures 101.1% and total cumulative return in cash totals $229,496. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,254/mo property income versus a $3,377/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.52 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: Amy Lauro • Coldwell Banker Realty - Westford
Mls Name: MLS PIN
Mls ID: #73462636