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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Methuen at 61 Tower St, Methuen, MA, 01844 priced at $625,000 converts $4,726/mo rent into $787/mo cash flow after a $3,059/mo obligation. Total monthly income equals $4,726/mo, and annual cash flow totals $9,441/yr on $205,625 invested. Return on cash invested prints 24.65% in year one, and rental yield reads 9.07% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 128.39% and total cumulative return in cash sums $264,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,726/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1925
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01844, Methuen, MA area.
| 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 |
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Vincent Serino • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73400940
