2 Bungalow AveMethuenMA01844
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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 Methuen at 2 Bungalow Ave, Methuen, MA, 01844 uses $190,787 cash to close to unlock $2,428/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $3,857/mo, and a $2,838/mo payment keeps the spread at $202/mo. Purchase price stands at $579,900, and rental yield measures 7.98% with $3,857/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 110.61% and total cumulative return in cash records $211,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,857/mo property income covering a $2,838/mo payment rather than investor’s personal income.
Single Family
Built in 1963
9,496 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
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Listed by: Team Zingales • Team Zingales Realty, LLC
Mls Name: MLS PIN
Mls ID: #73308033
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