23 Morrison LnWestfordMA01886
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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 Westford at 23 Morrison Ln, Westford, MA, 01886 generates $4,085/mo in rent, after a $5,580/mo payment. Total monthly income is $4,085/mo. Return on cash invested sits at 10.3% in year one, and rental yield is 4.3% on a $1,140,000 entry. Equity gained on principal adds $7,356/yr, while 5% annual appreciation builds toward $314,961 over five years. Five-year ROI reaches 51.36% and total cumulative return in cash sums $189,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,085/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01886, Westford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,948 (100%) |
| Owner Occupied HU | 7,565 (76.0%) |
| Renter Occupied HU | 1,637 (16.5%) |
| Vacant Housing Units | 746 ( 7.5%) |
| Median Home Value | $821,190 |
| Average Home Value | $852,891 |
Housing Distribution
Address Breakdown
Residential
9,010
Single Family
8,219
Multi-Family
791
Businesses
890
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Listed by: Derek Greene • The Greene Realty Group
Mls Name: MLS PIN
Mls ID: #73442325