10 Oak St #3GloucesterMA01930
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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 Gloucester at 10 Oak St #3, Gloucester, MA, 01930 at $309,000 posts ROI 27.49% with $647/mo cash flow from $2,594/mo rent. Total monthly income equals $2,594/mo, and annual cash flow records $7,762/yr on $102,434 to close. Return on cash invested measures 27.49% and rental yield reads 10.07% at the current $309,000. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 by year five. Five-year ROI prints 143.63% and total cumulative return in cash totals $147,125.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,594/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01930, Gloucester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 8,361 (54.6%) |
| Renter Occupied HU | 5,133 (33.5%) |
| Vacant Housing Units | 1,821 (11.9%) |
| Median Home Value | $750,301 |
| Average Home Value | $875,713 |
Housing Distribution
Address Breakdown
Residential
14,283
Single Family
13,392
Multi-Family
891
Businesses
1,243
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Listed by: Nancy Goodick • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73467042