238 Mill Street ExtLancasterMA01523
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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 Lancaster at 238 Mill Street Ext, Lancaster, MA, 01523 priced at $550,000 converts $3,338/mo rent into after a $2,692/mo obligation. Total monthly income equals $3,338/mo. Return on cash invested prints 19.21% in year one, and rental yield reads 7.28% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 99.21% and total cumulative return in cash sums $179,518. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,338/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01523, Lancaster, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,834 (100%) |
| Owner Occupied HU | 2,219 (78.3%) |
| Renter Occupied HU | 461 (16.3%) |
| Vacant Housing Units | 154 ( 5.4%) |
| Median Home Value | $605,570 |
| Average Home Value | $616,922 |
Housing Distribution
Address Breakdown
Residential
2,465
Single Family
2,465
Multi-Family
0
Businesses
141
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Listed by: Ruth Truesdell • Acres Away Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73458842