261 Pine St #261LowellMA01851
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 261 Pine St #261, Lowell, MA, 01851 uses $120,998 cash to close to unlock $7,992/yr annual cash flow and $666/mo monthly cash flow. Total monthly income runs $2,966/mo, and a $1,786/mo payment keeps the spread at $666/mo. Purchase price stands at $365,000, and rental yield measures 9.75% with $2,966/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 138.4% and total cumulative return in cash records $167,455. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,966/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01851, Lowell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,368 (100%) |
| Owner Occupied HU | 4,576 (40.3%) |
| Renter Occupied HU | 6,260 (55.1%) |
| Vacant Housing Units | 532 ( 4.7%) |
| Median Home Value | $523,958 |
| Average Home Value | $702,585 |
Housing Distribution
Address Breakdown
Residential
10,800
Single Family
8,429
Multi-Family
2,371
Businesses
830
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Soares • HomeSmart First Class Realty
Mls Name: MLS PIN
Mls ID: #73441577