45 Christopher Dr APT 101, Methuen, MA, 01844 | $1,097/mo Cash Flow

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45 Christopher Dr APT 101, Methuen, MA, 01844 | $1,097/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Methuen at 45 Christopher Dr APT 101, Methuen, MA, 01844 generates $3,271/mo in rent and, after a $1,688/mo payment, leaves $1,097/mo in cash flow. Total monthly income is $3,271/mo, and annual cash flow is $13,167/yr on $114,334 invested. Return on cash invested sits at 31.43% in year one, and rental yield is 11.38% on a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 164.78% and total cumulative return in cash sums $188,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,271/mo property income rather than buyer’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Heritage Heights! This desirable 2-bedroom, 2-bathroom first-floor condo offers a bright and inviting open-concept living and dining area with slider access to the outdoors. The kitchen features gas cooking and ample cabinet space. There are two bedrooms, including a primary retreat with its very own private bathroom. Completing this unit is convenient in-unit laundry and a second full bathroom. Additional highlights include two private storage units and two deeded parking spots. Residents can enjoy numerous on-site amenities such as an in-ground pool, clubhouse, and tennis court - just outside your door! Fantastic location close to Methuen Loop shops, restaurants, and major routes, making this home a true commuters dream. This is one you don't want to miss!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01844, Methuen, MA area.

Housing Distribution

Housing Statistics

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