29 Pitman St, Methuen, MA, 01844 | $1,423/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

29 Pitman St, Methuen, MA, 01844 | $1,423/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1304 sft

20 Byrne Ave, Westford, MA, 01886

3 Bed
2 Bath
1568 sft

9 Boylston St, Methuen, MA, 01844

4 Bed
3 Bath
2464 sft

24 Fletcher Dr, Tyngsboro, MA, 01879

3 Bed
2 Bath
1678 sft

48 Needham St, North Chelmsford, MA, 01863

Nearby investment properties with comparable prices

3 Bed
2 Bath
1313 sft

14 Watson St APT 14, Lowell, MA, 01852

2 Bed
2 Bath
1182 sft

136 Wellman Ave UNIT 136, North Chelmsford, MA, 01863

2 Bed
2 Bath
939 sft

450 Brookside Dr #L, Andover, MA, 01810

3 Bed
2 Bath
1153 sft

360 Littleton Rd UNIT F1, Chelmsford, MA, 01824

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Methuen at 29 Pitman St, Methuen, MA, 01844 earns $1,423/mo cash flow from $4,196/mo rent with a $2,153/mo payment. Total monthly income totals $4,196/mo, and annual cash flow totals $17,082/yr on $145,827 capital. ROI tracks 31.62% on current figures, and rental yield reads 11.45% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 165.81% and total cumulative return in cash sums $241,803. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,196/mo property income instead of your personal income.

Single Family

Built in 1940

8,529 sqft lot

$N/A/sqft

No HOA

More details about the property

Great opportunity to own a single-family home in a well-connected Methuen location. This property features 4 bedrooms and 3 bathrooms, offering a flexible floor plan to suit a variety of living arrangements. Set on a spacious lot with off-street parking and close proximity to schools, shopping, dining, major commuter routes and tax free Salem NH. Ideal for buyers or investors seeking a property in an established neighborhood with long-term value.Property is being sold as-is. Buyer and buyers agent to perform all due diligence.

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