464 Place LnWoburnMA01801
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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
Investment Highlights
Rental property for sale in Woburn at 464 Place Ln, Woburn, MA, 01801 priced at $569,900 converts $3,370/mo rent into after a $2,789/mo obligation. Total monthly income equals $3,370/mo. Return on cash invested prints 18.64% in year one, and rental yield reads 7.1% against a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation compiles into $157,453 by year five. Five-year ROI reaches 96.17% and total cumulative return in cash sums $180,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,370/mo property income covering a $2,789/mo payment, not borrower’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01801, Woburn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,379 (100%) |
| Owner Occupied HU | 10,223 (55.6%) |
| Renter Occupied HU | 7,149 (38.9%) |
| Vacant Housing Units | 1,007 ( 5.5%) |
| Median Home Value | $719,052 |
| Average Home Value | $775,984 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
13,195
Multi-Family
4,668
Businesses
2,984
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Listed by: Patricia Marsh • Realty Executives Marsh & Associates
Mls Name: MLS PIN
Mls ID: #73437796