2 Drummer Boy Way UNIT 2LexingtonMA02420
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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
Rental property for sale in Lexington at 2 Drummer Boy Way UNIT 2, Lexington, MA, 02420 generates $7,199/mo in rent and, after a $3,436/mo payment, leaves $2,006/mo in cash flow. Total monthly income is $7,199/mo, and annual cash flow is $24,076/yr on $230,958 invested. Return on cash invested sits at 30.48% in year one, and rental yield is 12.31% on a $702,000 entry. Equity gained on principal adds $4,530/yr, while 5% annual appreciation builds toward $193,950 over five years. Five-year ROI reaches 161.13% and total cumulative return in cash sums $372,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,199/mo property income rather than buyer’s personal income.
Townhouse
Built in 1976
435 sqft lot
$N/A/sqft
$768 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02420, Lexington, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,219 (100%) |
| Owner Occupied HU | 4,477 (85.8%) |
| Renter Occupied HU | 561 (10.7%) |
| Vacant Housing Units | 181 ( 3.5%) |
| Median Home Value | $1,328,517 |
| Average Home Value | $1,401,438 |
Housing Distribution
Address Breakdown
Residential
5,498
Single Family
5,186
Multi-Family
312
Businesses
739
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Listed by: Gail Green • Coldwell Banker Realty - Lexington
Mls Name: MLS PIN
Mls ID: #73409524
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