228 Varnum AveLowellMA01854
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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 Lowell at 228 Varnum Ave, Lowell, MA, 01854 priced at $543,300 converts $870/mo rent into after a $2,659/mo obligation. Total monthly income equals $870/mo. Return on cash invested prints 2.91% in year one, and rental yield reads 1.92% against a $543,300 entry. Equity gained on principal adds $3,506/yr, while 5% annual appreciation compiles into $150,104 by year five. Five-year ROI reaches 11.81% and total cumulative return in cash sums $21,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $2,659/mo payment, not borrower’s personal income.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01854, Lowell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,420 (100%) |
| Owner Occupied HU | 3,818 (36.6%) |
| Renter Occupied HU | 5,980 (57.4%) |
| Vacant Housing Units | 622 ( 6.0%) |
| Median Home Value | $450,414 |
| Average Home Value | $547,231 |
Housing Distribution
Address Breakdown
Residential
10,032
Single Family
7,130
Multi-Family
2,902
Businesses
460
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Listed by: N/A • N/A
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