61 Thornton AveMethuenMA01844
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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
Rental property for sale in Methuen at 61 Thornton Ave, Methuen, MA, 01844 priced at $499,900 converts $3,397/mo rent into $246/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,397/mo, and annual cash flow totals $2,952/yr on $165,717 invested. Return on cash invested prints 21.69% in year one, and rental yield reads 8.15% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 112.53% and total cumulative return in cash sums $186,480. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,397/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1905
10,000 sqft 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: Blaise Coco • Berkshire Hathaway HomeServices Verani Realty Salem
Mls Name: MLS PIN
Mls ID: #73454972