191 Thorndike St #26LowellMA01852
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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 Lowell at 191 Thorndike St #26, Lowell, MA, 01852 uses $96,102 cash to close to unlock $8,109/yr annual cash flow and $676/mo monthly cash flow. Total monthly income runs $2,503/mo, and a $1,419/mo payment keeps the spread at $676/mo. Purchase price stands at $289,900, and rental yield measures 10.36% with $2,503/mo rent. Return on cash invested shows 28.35% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 148.24% and total cumulative return in cash records $142,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,503/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01852, Lowell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,854 (100%) |
| Owner Occupied HU | 6,449 (40.7%) |
| Renter Occupied HU | 8,567 (54.0%) |
| Vacant Housing Units | 838 ( 5.3%) |
| Median Home Value | $469,145 |
| Average Home Value | $555,537 |
Housing Distribution
Address Breakdown
Residential
14,988
Single Family
9,393
Multi-Family
5,595
Businesses
1,225
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Listed by: Chinyuan Huang • Allison James Estates & Homes of MA, LLC
Mls Name: MLS PIN
Mls ID: #73472651