96 Richardson Rd #A22North ChelmsfordMA01863
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 North Chelmsford at 96 Richardson Rd #A22, North Chelmsford, MA, 01863 uses $91,129 cash to close to unlock $9,910/yr annual cash flow and $826/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $1,346/mo payment keeps the spread at $826/mo. Purchase price stands at $274,900, and rental yield measures 11.17% with $2,558/mo rent. Return on cash invested shows 30.78% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 161.3% and total cumulative return in cash records $146,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1963
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Candor Realty Group • Four Points Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73438850