2 Goodrich Ave, Methuen, MA, 01844 | $557/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2 Goodrich Ave, Methuen, MA, 01844 | $557/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
3920 sft

3 Beacon St, Andover, MA, 01810

3 Bed
2 Bath
1573 sft

3 Cardington Ave, Billerica, MA, 01821

3 Bed
3 Bath
2175 sft

7 Old Causeway Rd, Bedford, MA, 01730

4 Bed
3 Bath
2448 sft

52 Sleigh Rd, Chelmsford, MA, 01824

Nearby investment properties with comparable prices

3 Bed
3 Bath
2264 sft

15 Empire Circle, Hudson, NH, 03051

Investment Property+ 2 more

7 Bed
2 Bath
2000 sft

82 Water St, Lawrence, MA, 01841

3 Bed
3 Bath
1962 sft

16 Greenlawn Ave, Dracut, MA, 01826

4 Bed
2 Bath
1838 sft

11 Putnam Rd, North Andover, MA, 01845

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Methuen at 2 Goodrich Ave, Methuen, MA, 01844 at $714,900 posts ROI 22.9% with $557/mo cash flow from $5,063/mo rent. Total monthly income equals $5,063/mo, and annual cash flow records $6,686/yr on $235,202 to close. Return on cash invested measures 22.9% and rental yield reads 8.5% at the current $714,900. Equity gained on principal adds $4,613/yr, and 5% annual appreciation supports $197,514 by year five. Five-year ROI prints 119.03% and total cumulative return in cash totals $279,950.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,063/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1973

9,801 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious and charming Colonial-style home, perfectly situated in a desirable Methuen neighborhood. This residence offers 2,458 square feet of comfortable living space, featuring 4 generous bedrooms and 2.5 bathrooms. The main level provides a warm and inviting atmosphere, anchored by a traditional floor plan and a cozy fireplace. Upstairs, you'll find the private sleeping quarters, including the primary suite, providing ample space for everyone. The basement features a full in-law apartment, offering excellent flexibility for extended family or guests. This is a fantastic opportunity to own a well-established home with excellent potential. With a new boiler, water heater, electric panel, appliances, and paved driveway, this property is move-in ready! Don't miss your chance to make 2 Goodrich Ave yours!

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