3 Errico LnMethuenMA01844
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 Methuen at 3 Errico Ln, Methuen, MA, 01844 priced at $578,600 pairs $3,000/mo rent with after a $2,832/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 15.98% in year one, and rental yield stands at 6.22% on a $578,600 basis. Equity gained on principal adds $3,734/yr, and 5% annual appreciation accumulates to $159,857 by year five. Five-year ROI measures 81.93% and total cumulative return in cash reaches $155,953. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $2,832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.41 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A