2300 Skyline Dr UNIT 3LowellMA01854
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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
Investment property for sale in Lowell at 2300 Skyline Dr UNIT 3, Lowell, MA, 01854 offers a 10.8% rental yield on a $289,999 purchase with $2,610/mo rent. Total monthly income registers $2,610/mo, and a $1,419/mo payment leaves $783/mo available for distribution. Annual cash flow reaches $9,391/yr on $96,135 to close, and return on cash invested stands at 29.68% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,121 over five years. Portfolio math shows five-year ROI at 155.39% and total cumulative return in cash at $149,380. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,610/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A 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: Touchstone Partners Team • Keller Williams Realty-Merrimack
Mls Name: MLS PIN
Mls ID: #73463354