23 Frank St APT 2DracutMA01826
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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 Dracut at 23 Frank St APT 2, Dracut, MA, 01826 priced at $325,000 pairs $2,512/mo rent with $463/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,512/mo, and annual cash flow comes to $5,559/yr on $107,738 invested. Return on cash invested is 25.07% in year one, and rental yield stands at 9.28% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 130.7% and total cumulative return in cash reaches $140,809. For financing, Ziffy Mortgage’s DSCR program evaluates $2,512/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01826, Dracut, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 9,378 (76.3%) |
| Renter Occupied HU | 2,610 (21.2%) |
| Vacant Housing Units | 306 ( 2.5%) |
| Median Home Value | $597,498 |
| Average Home Value | $691,354 |
Housing Distribution
Address Breakdown
Residential
12,141
Single Family
10,573
Multi-Family
1,568
Businesses
770
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Listed by: Daniel O'Connell Jr • LAER Realty Partners
Mls Name: MLS PIN
Mls ID: #73463984