106 Norfolk AveSwampscottMA01907
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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 Swampscott at 106 Norfolk Ave, Swampscott, MA, 01907 offers $4,559/mo rent that, after a $3,181/mo payment, leaves $463/mo cash flow. Total monthly income is $4,559/mo, and annual cash flow is $5,551/yr on $213,850 cash. Return on cash invested measures 22.66% in year one, and rental yield stands at 8.42% at a $650,000 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,583 by year five. Five-year ROI records 117.7% and total cumulative return in cash reaches $251,702. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,559/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
5,288 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01907, Swampscott, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,479 (100%) |
| Owner Occupied HU | 4,642 (71.6%) |
| Renter Occupied HU | 1,533 (23.7%) |
| Vacant Housing Units | 304 ( 4.7%) |
| Median Home Value | $789,972 |
| Average Home Value | $855,233 |
Housing Distribution
Address Breakdown
Residential
6,287
Single Family
4,918
Multi-Family
1,369
Businesses
349
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Listed by: Ron Lawrence • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73451157