8-10 Elsmere AveMethuenMA01844
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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 Methuen at 8-10 Elsmere Ave, Methuen, MA, 01844 offers $5,400/mo rent that, after a $3,842/mo payment, leaves $453/mo cash flow. Total monthly income is $5,400/mo, and annual cash flow is $5,431/yr on $258,232 cash. Return on cash invested measures 22.16% in year one, and rental yield stands at 8.26% at a $784,900 entry. Equity gained on principal adds $5,065/yr while 5% annual appreciation compounds into $216,853 by year five. Five-year ROI records 115.05% and total cumulative return in cash reaches $297,103. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,400/mo property income versus a $3,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1939
5,271 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,427
Single Family
16,057
Multi-Family
3,370
Businesses
1,274
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Listed by: Gail Waitt • Berkshire Hathaway HomeServices Verani Realty Salem
Mls Name: MLS PIN
Mls ID: #73464619