355 Laurel StLeeMA01238
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 Lee at 355 Laurel St, Lee, MA, 01238 at $315,000 posts ROI 22.1% with $190/mo cash flow from $2,176/mo rent. Total monthly income equals $2,176/mo, and annual cash flow records $2,284/yr on $104,423 to close. Return on cash invested measures 22.1% and rental yield reads 8.29% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 114.75% and total cumulative return in cash totals $119,825.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,176/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01238, Lee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,318 (100%) |
| Owner Occupied HU | 1,798 (54.2%) |
| Renter Occupied HU | 851 (25.6%) |
| Vacant Housing Units | 669 (20.2%) |
| Median Home Value | $381,800 |
| Average Home Value | $497,269 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,476
Multi-Family
250
Businesses
370
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Listed by: Janice Castegnaro Braim • CARRIAGE HOUSE REAL ESTATE
Mls Name: BCMLS
Mls ID: #247502