306 Aiken Ave APT 16LowellMA01850
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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 Lowell at 306 Aiken Ave APT 16, Lowell, MA, 01850 generates $2,489/mo in rent and, after a $1,370/mo payment, leaves $725/mo in cash flow. Total monthly income is $2,489/mo, and annual cash flow is $8,696/yr on $92,815 invested. Return on cash invested sits at 29.28% in year one, and rental yield is 10.67% on a $279,986 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,355 over five years. Five-year ROI reaches 153.24% and total cumulative return in cash sums $142,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,489/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01850, Lowell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,045 (100%) |
| Owner Occupied HU | 2,680 (44.3%) |
| Renter Occupied HU | 3,077 (50.9%) |
| Vacant Housing Units | 288 ( 4.8%) |
| Median Home Value | $443,973 |
| Average Home Value | $483,436 |
Housing Distribution
Address Breakdown
Residential
5,755
Single Family
5,000
Multi-Family
755
Businesses
163
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Listed by: Matt Tasgin • United Brokers
Mls Name: MLS PIN
Mls ID: #73465879