659 Marrett RdLexingtonMA02421
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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
Investment Highlights
Rental property for sale in Lexington at 659 Marrett Rd, Lexington, MA, 02421 priced at $1,089,900 converts $3,915/mo rent into after a $5,335/mo obligation. Total monthly income equals $3,915/mo. Return on cash invested prints 10.33% in year one, and rental yield reads 4.31% against a $1,089,900 entry. Equity gained on principal adds $7,033/yr, while 5% annual appreciation compiles into $301,119 by year five. Five-year ROI reaches 51.54% and total cumulative return in cash sums $181,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,915/mo property income covering a $5,335/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,164 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02421, Lexington, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,116 (100%) |
| Owner Occupied HU | 5,053 (71.0%) |
| Renter Occupied HU | 1,746 (24.5%) |
| Vacant Housing Units | 317 ( 4.5%) |
| Median Home Value | $1,307,461 |
| Average Home Value | $1,368,903 |
Housing Distribution
Address Breakdown
Residential
6,980
Single Family
5,483
Multi-Family
1,497
Businesses
532
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Listed by: Joseph Pollack • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73397387