321 Place Ln Unit 321WoburnMA01801
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 321 Place Ln Unit 321, Woburn, MA, 01801 in Woburn achieves 1.51, rent of $3,391/mo covers the $2,248/mo payment 1.5x over at $499,900. Rental yield 8.14%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $138,113 over five years, with $4,604/yr in principal reduction bringing total projected return to $205,254.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $(413) | $1,200 |
City averages based on Woburn market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,391 |
| Total Monthly Debt Service | $2,952 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01801, Woburn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,379 (100%) |
| Owner Occupied HU | 10,223 (55.6%) |
| Renter Occupied HU | 7,149 (38.9%) |
| Vacant Housing Units | 1,007 ( 5.5%) |
| Median Home Value | $719,052 |
| Average Home Value | $775,984 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
13,195
Multi-Family
4,668
Businesses
2,984
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
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01801, Woburn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,379 (100%) |
| Owner Occupied HU | 10,223 (55.6%) |
| Renter Occupied HU | 7,149 (38.9%) |
| Vacant Housing Units | 1,007 ( 5.5%) |
| Median Home Value | $719,052 |
| Average Home Value | $775,984 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
13,195
Multi-Family
4,668
Businesses
2,984
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73521018