34 Burnham Rd #202, Methuen, MA, 01844 | $1,025/mo Cash Flow

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34 Burnham Rd #202, Methuen, MA, 01844 | $1,025/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Methuen at 34 Burnham Rd #202, Methuen, MA, 01844 offers a 11.13% rental yield on a $345,000 purchase with $3,200/mo rent. Total monthly income registers $3,200/mo, and a $1,689/mo payment leaves $1,025/mo available for distribution. Annual cash flow reaches $12,301/yr on $114,368 to close, and return on cash invested stands at 30.67% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 160.71% and total cumulative return in cash at $183,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,200/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful at Park Place! This lovely 2 Bedroom, 2 Bath corner unit in a desirable 55+ complex is move-in ready and loaded with natural light. The open layout offers a spacious Kitchen, with plenty of cabinets, granite counters & young appliances (2020-2021). It opens beautifully to the Living/Dining Room, featuring an oversized slider that leads to the private deck, with views of the woods, the park across the street & the river beyond (one of the best spots in the complex!). Spacious Primary Suite boasts a large Bedroom and renovated Bathroom that was gutted to the studs. The second Bedroom, second Bathroom and pantry/Laundry Room beautifully complete the unit. Assigned parking spaces 33 and 34 and 2 storage spaces accessed right in unit. Additional updates include 3 year old Furnace & AC, and New H20 tank in 2019. Best of all is the location! The park across the street, along with shopping, transportation and easy highway access at the top of street make this condo a real gem!

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