45 Washington St APT 90, Methuen, MA, 01844 | 7.23% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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45 Washington St APT 90, Methuen, MA, 01844 | 7.23% Rental Yield | Ziffy

Off market

Ziffy Mortgage

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

Investment property for sale in Methuen at 45 Washington St APT 90, Methuen, MA, 01844 with 5% annual appreciation on a $449,700 basis while $2,708/mo rent supports operations. 02% in year one. Equity gained on principal adds $2,902/yr, and five-year appreciation sums $124,244 alongside rental yield of 7.23%. Five-year ROI measures 83.17% and total cumulative return in cash totals $123,980. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,708/mo property income versus a $2,201/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 1984

N/A lot

$N/A/sqft

$357 monthly HOA

More details about the property

AVAILABLE NOW This spacious unit ( a condominium) has everything you could ask for and more! GARAGE, 2 bedrooms + an additional room that can be used as a home office, remote learning room, craft room, etc., a beautiful sunny living room with hardwood flooring, wonderful dining area, also with hardwood flooring and sliders to a deck, A kitchen that is full of cabinets and counter space. The lower level offers a nice mudroom with a family room and a 1 car garage. Parking for 2 cars is included ( 1 in the garage, 1 in the driveway). This is a reputable Townhouse Community with manicured landscaping and a tennis court free to residents. Convenient location for commuters, close to highways, only 30 min drive to Boston. A good Credit Score and a stable job is a must. 1 house pet under 30lb will be considered. To move in funds: $2300 first month, $2300 Security deposit, $1150 broker fee. 1 pet is considered. NO PET CAN BE MORE THAN 30 LB. This is a condominium, Rules and Regulations apply. Tenants to pay for electricity, gas, water/sewer. The water/sewer bill will come quarterly in Landlord's name and will be passed for tenants to reimburse. $20-$30m depending on family size

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