5 Pilgrim Cir APT CMethuenMA01844
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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
Investment property for sale in Methuen at 5 Pilgrim Cir APT C, Methuen, MA, 01844 listed at $284,400 pairs $2,520/mo rent with a $1,392/mo payment to leave $727/mo cash flow. Total monthly income runs $2,520/mo, and annual cash flow reaches $8,730/yr on $94,279 cash to close. Return on cash invested measures 29.17% in year one, and rental yield registers 10.63% at a $284,400 basis. Equity gained on principal adds $1,835/yr, and annual property appreciation at 5% supports $78,574 by year five. Five-year ROI tracks 152.66% and total cumulative return in cash totals $143,926. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $1,392/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A 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: Carolyn Kennedy • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73463736