1 Main St #RRockportMA01966
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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 Rockport at 1 Main St #R, Rockport, MA, 01966 priced at $559,000 pairs $2,700/mo rent with after a $2,736/mo payment. Total monthly income equals $2,700/mo. Return on cash invested is 14.69% in year one, and rental yield stands at 5.8% on a $559,000 basis. Equity gained on principal adds $3,607/yr, and 5% annual appreciation accumulates to $154,441 by year five. Five-year ROI measures 74.97% and total cumulative return in cash reaches $137,871. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $2,736/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1780
4,332 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01966, Rockport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,384 (100%) |
| Owner Occupied HU | 2,363 (53.9%) |
| Renter Occupied HU | 967 (22.1%) |
| Vacant Housing Units | 1,054 (24.0%) |
| Median Home Value | $764,205 |
| Average Home Value | $880,041 |
Housing Distribution
Address Breakdown
Residential
3,770
Single Family
3,582
Multi-Family
188
Businesses
348
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Listed by: Kimberly Lorden • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73464094