10 Hornbeam St #299RocklandMA02370
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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
Investment property for sale in Rockland at 10 Hornbeam St #299, Rockland, MA, 02370 uses $87,814 cash to close to unlock $10,919/yr annual cash flow and $910/mo monthly cash flow. Total monthly income runs $2,580/mo, and a $1,297/mo payment keeps the spread at $910/mo. Purchase price stands at $264,900, and rental yield measures 11.69% with $2,580/mo rent. Return on cash invested shows 32.34% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 169.66% and total cumulative return in cash records $148,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,580/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
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: Patrick Crocetta • Hometown America, a Manufactured Home Dealer
Mls Name: My State MLS
Mls ID: #11598366