7 Gorham St #59ChelmsfordMA01824
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
Investment property for sale in Chelmsford at 7 Gorham St #59, Chelmsford, MA, 01824 listed at $549,998 pairs $3,780/mo rent with a $2,692/mo payment to leave $33/mo cash flow. Total monthly income runs $3,780/mo, and annual cash flow reaches $401/yr on $180,949 cash to close. Return on cash invested measures 20.28% in year one, and rental yield registers 8.25% at a $549,998 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,954 by year five. Five-year ROI tracks 105.64% and total cumulative return in cash totals $191,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,780/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2021
N/A lot
$N/A/sqft
$280 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01824, Chelmsford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,880 (100%) |
| Owner Occupied HU | 8,387 (77.1%) |
| Renter Occupied HU | 2,006 (18.4%) |
| Vacant Housing Units | 487 ( 4.5%) |
| Median Home Value | $654,495 |
| Average Home Value | $688,979 |
Housing Distribution
Address Breakdown
Residential
10,528
Single Family
8,496
Multi-Family
2,032
Businesses
1,088
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shankararaman Ramakrishnan • Venture
Mls Name: MLS PIN
Mls ID: #73354106
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.