290 Sterling StLancasterMA01523
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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
Investment property for sale in Lancaster at 290 Sterling St, Lancaster, MA, 01523 uses $109,362 cash to close to unlock $8,381/yr annual cash flow and $698/mo monthly cash flow. Total monthly income runs $2,778/mo, and a $1,615/mo payment keeps the spread at $698/mo. Purchase price stands at $329,900, and rental yield measures 10.1% with $2,778/mo rent. Return on cash invested shows 27.57% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 144.11% and total cumulative return in cash records $157,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,778/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01523, Lancaster, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,834 (100%) |
| Owner Occupied HU | 2,219 (78.3%) |
| Renter Occupied HU | 461 (16.3%) |
| Vacant Housing Units | 154 ( 5.4%) |
| Median Home Value | $605,570 |
| Average Home Value | $616,922 |
Housing Distribution
Address Breakdown
Residential
2,465
Single Family
2,465
Multi-Family
0
Businesses
141
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Listed by: The Journey Group • RE/MAX Journey
Mls Name: MLS PIN
Mls ID: #73444540