10 Prospect Ct, Gloucester, MA, 01930 | 6.79% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

- Bed
1 Bath
525 sft

300 Lynn Shore Dr APT 401, Lynn, MA, 01902

1 Bed
1 Bath
637 sft

24 Norman St APT 101, Salem, MA, 01970

1 Bed
1 Bath
664 sft

130 Boston St #8, Salem, MA, 01970

2 Bed
2 Bath
1242 sft

66 Sagamore St, Lynn, MA, 01902

Nearby investment properties with comparable prices

2 Bed
1 Bath
911 sft

34 Moffatt Rd #34, Salem, MA, 01970

3 Bed
1 Bath
917 sft

2 Brookline Ave, Lynn, MA, 01902

2 Bed
2 Bath
1080 sft

1 Loring Ave APT 206, Swampscott, MA, 01907

2 Bed
2 Bath
938 sft

11 Symonds St #1, Salem, MA, 01970

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Gloucester at 10 Prospect Ct, Gloucester, MA, 01930 generates $2,942/mo in rent, after a $2,545/mo payment. Total monthly income is $2,942/mo. Return on cash invested sits at 17.71% in year one, and rental yield is 6.79% on a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 91.16% and total cumulative return in cash sums $155,932. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,942/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

3,420 sqft 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