34 Burnham Rd #301MethuenMA01844
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 34 Burnham Rd #301, Methuen, MA, 01844 offers a 10.9% rental yield on a $347,000 purchase with $3,152/mo rent. Total monthly income registers $3,152/mo, and a $1,698/mo payment leaves $965/mo available for distribution. Annual cash flow reaches $11,584/yr on $115,031 to close, and return on cash invested stands at 29.98% in year one. Equity gained on principal adds $2,239/yr while 5% annual appreciation supports $95,870 over five years. Portfolio math shows five-year ROI at 157.02% and total cumulative return in cash at $180,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,152/mo property income against a $1,698/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
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: Tamara Schofield • Realty ONE Group Nest
Mls Name: MLS PIN
Mls ID: #73468082