5 Sherman Ave, Haverhill, MA, 01832 | $175/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5 Sherman Ave, Haverhill, MA, 01832 | $175/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Haverhill at 5 Sherman Ave, Haverhill, MA, 01832 priced at $479,900 pairs $3,200/mo rent with $175/mo cash flow after a $2,349/mo payment. Total monthly income equals $3,200/mo, and annual cash flow comes to $2,102/yr on $159,087 invested. Return on cash invested is 21.23% in year one, and rental yield stands at 8% on a $479,900 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,588 by year five. Five-year ROI measures 110.1% and total cumulative return in cash reaches $175,149. For financing, Ziffy Mortgage’s DSCR program evaluates $3,200/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1961

8,002 sqft lot

$N/A/sqft

No HOA

More details about the property

Lovely ranch style home with one-level living situated in desirable neighborhood. Generous flat yard with a backyard patio and storage shed is the perfect spot for summertime BBQs or Sunday morning coffee. Three bedrooms, good-sized eat-in kitchen with pantry closet and lots of cabinets topped by a granite counter. Home feels larger inside than it appears from the front because of the 24x15-ft family room addition in back with patio door to directly access the fenced back yard. Convenient mud room entry from deep carport plus plenty of driveway parking. Large storage area off carport. Updated roof in 2019. Two-zone heat. Haverhill has several newer schools and great downtown filled with shops, restaurants and River walk, two commuter rail stops and easy highway access.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01832, Haverhill, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,446 (100%)
Owner Occupied HU	5,792 (55.4%)
Renter Occupied HU	4,233 (40.5%)
Vacant Housing Units	421 ( 4.0%)
Median Home Value	$540,930
Average Home Value	$583,659