50 Danbury Dr APT 15, Methuen, MA, 01844 | $284/mo Cash Flow

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50 Danbury Dr APT 15, Methuen, MA, 01844 | $284/mo Cash Flow | 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 50 Danbury Dr APT 15, Methuen, MA, 01844 offers a 10.14% rental yield on a $261,900 purchase with $2,212/mo rent. Total monthly income registers $2,212/mo, and a $1,282/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,410/yr on $86,820 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,690/yr while 5% annual appreciation supports $72,358 over five years. Portfolio math shows five-year ROI at 125.48% and total cumulative return in cash at $108,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,212/mo property income against a $1,282/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1972

N/A lot

$N/A/sqft

$277 monthly HOA

More details about the property

Immediate occupancy available in this freshly painted and just updated, 2nd floor condominium! Quality laminate flooring unites the living room and the totally remodeled kitchen which features quality cabinetry, granite counters and stainless-steel appliances. The bath underwent a remodel as well, and sports a new vanity and sink with granite counter, ceramic-tile flooring and a new tub surround. Perfect for someone looking to owner occupy or purchase as an investment, as it's very easy to rent.

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