1 Canterbury LnRocklandMA02370
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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 Rockland at 1 Canterbury Ln, Rockland, MA, 02370 generates $2,083/mo in rent and, after a $1,463/mo payment, leaves $199/mo in cash flow. Total monthly income is $2,083/mo, and annual cash flow is $2,387/yr on $99,119 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 8.36% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 115.88% and total cumulative return in cash sums $114,862. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,083/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02370, Rockland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 5,242 (71.4%) |
| Renter Occupied HU | 1,853 (25.3%) |
| Vacant Housing Units | 243 ( 3.3%) |
| Median Home Value | $562,590 |
| Average Home Value | $626,963 |
Housing Distribution
Address Breakdown
Residential
7,162
Single Family
6,596
Multi-Family
566
Businesses
629
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Listed by: Jennifer Condon • Realty Choice, Inc.
Mls Name: MLS PIN
Mls ID: #73442242