63 Prescott Dr Unit 63North 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
Rental property for sale in North Chelmsford at 63 Prescott Dr Unit 63, North Chelmsford, MA, 01863 generates $3,000/mo in rent and, after a $1,835/mo payment, leaves $637/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $7,644/yr on $124,279 invested. Return on cash invested sits at 26.06% in year one, and rental yield is 9.6% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 136.02% and total cumulative return in cash sums $169,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Townhouse
Built in 1979
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: Debbie Carusi • Coldwell Banker Realty - Andovers/Readings Regional
Mls Name: MLS PIN
Mls ID: #73472537