264 Andover RdBillericaMA01821
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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 Billerica at 264 Andover Rd, Billerica, MA, 01821 priced at $699,900 converts $4,285/mo rent into after a $3,426/mo obligation. Total monthly income equals $4,285/mo. Return on cash invested prints 19.4% in year one, and rental yield reads 7.35% against a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation compiles into $193,369 by year five. Five-year ROI reaches 100.24% and total cumulative return in cash sums $230,816. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,285/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1994
10,611 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01821, Billerica, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,679 (100%) |
| Owner Occupied HU | 8,996 (77.0%) |
| Renter Occupied HU | 2,343 (20.1%) |
| Vacant Housing Units | 340 ( 2.9%) |
| Median Home Value | $642,849 |
| Average Home Value | $669,460 |
Housing Distribution
Address Breakdown
Residential
11,236
Single Family
9,345
Multi-Family
1,891
Businesses
714
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Listed by: Angela Zullo • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73355680
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