380 University AveLowellMA01854
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 380 University Ave, Lowell, MA, 01854 offers $3,354/mo rent that, after a $4,283/mo payment. Total monthly income is $3,354/mo. Return on cash invested measures 11.05% in year one, and rental yield stands at 4.6% at a $875,000 entry. Equity gained on principal adds $5,646/yr while 5% annual appreciation compounds into $241,746 by year five. Five-year ROI records 55.46% and total cumulative return in cash reaches $159,647. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,354/mo property income versus a $4,283/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01854, Lowell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,420 (100%) |
| Owner Occupied HU | 3,818 (36.6%) |
| Renter Occupied HU | 5,980 (57.4%) |
| Vacant Housing Units | 622 ( 6.0%) |
| Median Home Value | $450,414 |
| Average Home Value | $547,231 |
Housing Distribution
Address Breakdown
Residential
10,032
Single Family
7,130
Multi-Family
2,902
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Drew Kirkland • Northeast Private Client Group, LLC
Mls Name: MLS PIN
Mls ID: #73451019