64-66 Howe St, Methuen, MA, 01844 | 7.54% Rental Yield

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Price: $300K - 500K

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64-66 Howe St, Methuen, MA, 01844 | 7.54% Rental Yield | Ziffy

For Sale

Rental Income

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

Total monthly income runs $5,400/mo, and a $4,209/mo payment. Purchase price stands at $859,900, and rental yield measures 7.54% with $5,400/mo rent. Return on cash invested shows 19.98% in year one, and 5% annual appreciation builds toward $237,575 over five years. Five-year ROI reaches 103.31% and total cumulative return in cash records $292,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $4,209/mo payment rather than investor’s personal income.

Multi Family

Built in 1900

4,269 sqft lot

$N/A/sqft

No HOA

More details about the property

Fantastic opportunity awaits with this 3-unit property! This home offers a first floor unit spanning the two levels, featuring a spacious living and dining room area with direct access to a bonus lower-level family room, significantly expanding the living space. Outside, enjoy a usable backyard perfect for relaxation and gardening and a shed for storage. Bonus lower level are fit for your imagination with its own access to the backyard area. With ample off-street parking in two sperate areas of the home for all to enjoy this property is ideal for both investors and owner-occupants looking for supplemental rental income. Located with great proximity commuters will appreciate great access to both Interstate 495 & 93. Shopping and entertainment are just minutes away, with The Loop shopping & entertainment plaza and the highly sought-after Tuscan Village in Salem, NH, nearby. Don't miss this ONE today! Several Photos of the first and second floor are prior to tenant occupancy.

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