11 Heard DrIpswichMA01938
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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 Ipswich at 11 Heard Dr, Ipswich, MA, 01938 priced at $799,000 converts $4,553/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,553/mo. Return on cash invested prints 17.85% in year one, and rental yield reads 6.84% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 91.94% and total cumulative return in cash sums $241,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,553/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01938, Ipswich, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,449 (67.4%) |
| Renter Occupied HU | 1,664 (25.2%) |
| Vacant Housing Units | 489 ( 7.4%) |
| Median Home Value | $847,148 |
| Average Home Value | $923,822 |
Housing Distribution
Address Breakdown
Residential
6,328
Single Family
5,299
Multi-Family
1,029
Businesses
594
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Listed by: Tzortzis Lane Group • Coldwell Banker Realty - Ipswich
Mls Name: MLS PIN
Mls ID: #73438050