338 Fairmount StLowellMA01852
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 Lowell at 338 Fairmount St, Lowell, MA, 01852 offers $2,596/mo rent that, after a $3,671/mo payment. Total monthly income is $2,596/mo. Return on cash invested measures 9.7% in year one, and rental yield stands at 4.15% at a $749,999 entry. Equity gained on principal adds $4,840/yr while 5% annual appreciation compounds into $207,211 by year five. Five-year ROI records 48.19% and total cumulative return in cash reaches $118,901. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,596/mo property income versus a $3,671/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01852, Lowell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,854 (100%) |
| Owner Occupied HU | 6,449 (40.7%) |
| Renter Occupied HU | 8,567 (54.0%) |
| Vacant Housing Units | 838 ( 5.3%) |
| Median Home Value | $469,145 |
| Average Home Value | $555,537 |
Housing Distribution
Address Breakdown
Residential
14,988
Single Family
9,393
Multi-Family
5,595
Businesses
1,225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Prestige Homes Realty Team • Prestige Homes Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73461302