103 Grove St APT 337RocklandMA02370
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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 103 Grove St APT 337, Rockland, MA, 02370 generates $1,666/mo in rent and, after a $1,162/mo payment, leaves $170/mo in cash flow. Total monthly income is $1,666/mo, and annual cash flow is $2,034/yr on $78,731 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.42% on a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 116.87% and total cumulative return in cash sums $92,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.
Condo
Built in 1972
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: Darin Thompson • Stuart St James, Inc.
Mls Name: MLS PIN
Mls ID: #73435369