40 Stringer AveLeeMA01238
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 Lee at 40 Stringer Ave, Lee, MA, 01238 priced at $525,000 pairs $3,497/mo rent with $188/mo cash flow after a $2,570/mo payment. Total monthly income equals $3,497/mo, and annual cash flow comes to $2,251/yr on $172,725 invested. Return on cash invested is 21.36% in year one, and rental yield stands at 7.99% on a $525,000 basis. Equity gained on principal adds $3,388/yr, and 5% annual appreciation accumulates to $145,048 by year five. Five-year ROI measures 110.76% and total cumulative return in cash reaches $191,313. For financing, Ziffy Mortgage’s DSCR program evaluates $3,497/mo property income against a $2,570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
5.90 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: #247501