257 Howe StMethuenMA01844
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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 Methuen at 257 Howe St, Methuen, MA, 01844 priced at $899,900 converts $5,848/mo rent into $176/mo cash flow after a $4,405/mo obligation. Total monthly income equals $5,848/mo, and annual cash flow totals $2,108/yr on $296,067 invested. Return on cash invested prints 20.77% in year one, and rental yield reads 7.8% against a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,626 by year five. Five-year ROI reaches 107.59% and total cumulative return in cash sums $318,544. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,848/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 2000
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01844, Methuen, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,798 (100%) |
| Owner Occupied HU | 13,957 (67.1%) |
| Renter Occupied HU | 6,036 (29.0%) |
| Vacant Housing Units | 805 ( 3.9%) |
| Median Home Value | $562,820 |
| Average Home Value | $564,968 |
Housing Distribution
Address Breakdown
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
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Listed by: Gabriela Pena • Chinatti Realty Group, Inc.
Mls Name: MLS PIN
Mls ID: #73409175