74 Tower St, Methuen, MA, 01844 | $628/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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74 Tower St, Methuen, MA, 01844 | $628/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Methuen at 74 Tower St, Methuen, MA, 01844 uses $180,917 cash to close to unlock $7,531/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $4,093/mo, and a $2,691/mo payment keeps the spread at $628/mo. Purchase price stands at $549,900, and rental yield measures 8.93% with $4,093/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 126.1% and total cumulative return in cash records $228,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,093/mo property income covering a $2,691/mo payment rather than investor’s personal income.

Single Family

Built in 1940

5,001 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcoming and full of character, this Craftsman Bungalow offers classic charm and modern convenience! Gather in the living room by the fireplace, enjoy meals in the sunny kitchen with stainless appliances, or step out to the enclosed porch that overlooks a patio and fenced yard. A fieldstone front porch framed by blooming perennial landscaping, beautiful hardwood throughout, post-and-beam shed with power, and extras like hardwired detectors and a generator hookup (generator included) complete the package.Upstairs youll find comfortable bedrooms, each with generous walk-in closets and a remodeled full bath, while the partially finished lower level adds a second bath, laundry, and bonus space that walks directly out to the backyard. Thoughtful updates mean you can move right in and simply enjoy! Conveniently located near a hospital and a few minutes from major routes, this home offers a kind of charm that never goes out of style; it's perfect blend of comfort, spaciousness, and warmth.

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