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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Methuen at 375 Merrimack St APT 17, Methuen, MA, 01844 listed at $296,525 pairs $2,798/mo rent with a $1,451/mo payment to leave $641/mo cash flow. Total monthly income runs $2,798/mo, and annual cash flow reaches $7,697/yr on $98,298 cash to close. Return on cash invested measures 27.74% in year one, and rental yield registers 11.32% at a $296,525 basis. Equity gained on principal adds $1,913/yr, and annual property appreciation at 5% supports $81,924 by year five. Five-year ROI tracks 146.27% and total cumulative return in cash totals $143,785. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,798/mo property income relative to a $1,451/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
N/A lot
$N/A/sqft
$288 monthly HOA
Neighborhood data shown for ZIP Code: 01844, Methuen, MA area.
| 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 |
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Listed for sale | $296,525 |
| 2023-08-07 | Sold | $275,000 |
| 2023-07-07 | Contingent | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $2097.00 | -1.32% | $193,100 | 6.33% |
| 2023-02-14 | $2125.00 | N/A | $181,600 | N/A |
| 2022-02-14 | $2125.00 | -2.88% | $181,600 | 9.46% |
Listed by: Constance Doto • Connie Doto Realty Group
Mls Name: MLS PIN
Mls ID: #73331212
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
