61 Saint Andrews Way #64North ChelmsfordMA01863
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $3,000/mo, and a $3,817/mo payment. Purchase price stands at $779,900, and rental yield measures 4.62% with $3,000/mo rent. Return on cash invested shows 11.1% in year one, and 5% annual appreciation builds toward $215,472 over five years. Five-year ROI reaches 55.74% and total cumulative return in cash records $143,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $3,817/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01863, North Chelmsford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,977 (100%) |
| Owner Occupied HU | 2,881 (72.4%) |
| Renter Occupied HU | 938 (23.6%) |
| Vacant Housing Units | 158 ( 4.0%) |
| Median Home Value | $579,732 |
| Average Home Value | $601,258 |
Housing Distribution
Address Breakdown
Residential
4,045
Single Family
2,708
Multi-Family
1,337
Businesses
367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rod Clermont • RE/MAX Innovative Properties
Mls Name: MLS PIN
Mls ID: #73473532