32 Morrison CtMethuenMA01844
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
Investment property for sale in Methuen at 32 Morrison Ct, Methuen, MA, 01844 uses $145,827 cash to close to unlock $7,842/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $3,426/mo, and a $2,153/mo payment keeps the spread at $653/mo. Purchase price stands at $439,900, and rental yield measures 9.35% with $3,426/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 131.83% and total cumulative return in cash records $192,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,426/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 1962
8,250 sqft 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: Curtis Knight • Curtis Knight Real Estate LLC
Mls Name: MLS PIN
Mls ID: #73442321