39 Lantern Ln Unit 4DracutMA01826
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 39 Lantern Ln Unit 4, Dracut, MA, 01826 in Dracut: $2,390/mo in rent, $529/mo net, 11.48% gross yield, all on a $249,900 acquisition. The 2.13 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $69,043 in value, and $2,302/yr in principal paydown steadily builds equity. Projected total cumulative return: $147,365.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.0% |
| Monthly Cash Flow | $529 | $250 |
City averages based on Dracut market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,390 |
| Total Monthly Debt Service | $1,476 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01826, Dracut, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 9,378 (76.3%) |
| Renter Occupied HU | 2,610 (21.2%) |
| Vacant Housing Units | 306 ( 2.5%) |
| Median Home Value | $597,498 |
| Average Home Value | $691,354 |
Housing Distribution
Address Breakdown
Residential
12,141
Single Family
10,573
Multi-Family
1,568
Businesses
770
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
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01826, Dracut, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 9,378 (76.3%) |
| Renter Occupied HU | 2,610 (21.2%) |
| Vacant Housing Units | 306 ( 2.5%) |
| Median Home Value | $597,498 |
| Average Home Value | $691,354 |
Housing Distribution
Address Breakdown
Residential
12,141
Single Family
10,573
Multi-Family
1,568
Businesses
770
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73484819