8 Grace StNorth ChelmsfordMA01863
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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 North Chelmsford at 8 Grace St, North Chelmsford, MA, 01863 priced at $630,000 converts $4,210/mo rent into $239/mo cash flow after a $3,084/mo obligation. Total monthly income equals $4,210/mo, and annual cash flow totals $2,865/yr on $207,270 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 8.02% against a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation compiles into $174,057 by year five. Five-year ROI reaches 111.18% and total cumulative return in cash sums $230,446. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,210/mo property income covering a $3,084/mo payment, not borrower’s personal income.
Single Family
Built in 1907
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01863, North Chelmsford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,977 (100%) |
| Owner Occupied HU | 2,881 (72.4%) |
| Renter Occupied HU | 938 (23.6%) |
| Vacant Housing Units | 158 ( 4.0%) |
| Median Home Value | $579,732 |
| Average Home Value | $601,258 |
Housing Distribution
Address Breakdown
Residential
4,045
Single Family
2,708
Multi-Family
1,337
Businesses
367
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Listed by: Emily Medwar • Barrett Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73438352