290 E Center StLeeMA01238
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
Rental property for sale in Lee at 290 E Center St, Lee, MA, 01238 priced at $475,000 pairs $3,632/mo rent with $638/mo cash flow after a $2,325/mo payment. Total monthly income equals $3,632/mo, and annual cash flow comes to $7,656/yr on $157,463 invested. Return on cash invested is 24.77% in year one, and rental yield stands at 9.18% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 129.09% and total cumulative return in cash reaches $203,275. For financing, Ziffy Mortgage’s DSCR program evaluates $3,632/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01238, Lee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,318 (100%) |
| Owner Occupied HU | 1,798 (54.2%) |
| Renter Occupied HU | 851 (25.6%) |
| Vacant Housing Units | 669 (20.2%) |
| Median Home Value | $381,800 |
| Average Home Value | $497,269 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,476
Multi-Family
250
Businesses
370
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Listed by: Lisa Kelley • MACCARO REAL ESTATE
Mls Name: BCMLS
Mls ID: #248517