492 Lowell StMethuenMA01844
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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 Methuen at 492 Lowell St, Methuen, MA, 01844 priced at $799,000 converts $4,460/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,460/mo. Return on cash invested prints 17.43% in year one, and rental yield reads 6.7% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 89.66% and total cumulative return in cash sums $235,698. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,460/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
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Listed by: Deb Forte • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73417965