118 Prospect StGloucesterMA01930
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 118 Prospect St, Gloucester, MA, 01930 at $629,000 posts ROI 28.41% with $1,440/mo cash flow from $5,405/mo rent. Total monthly income equals $5,405/mo, and annual cash flow records $17,282/yr on $206,941 to close. Return on cash invested measures 28.41% and rental yield reads 10.31% at the current $629,000. Equity gained on principal adds $4,059/yr, and 5% annual appreciation supports $173,781 by year five. Five-year ROI prints 148.57% and total cumulative return in cash totals $307,449.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,405/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1894
5,660 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 |
Housing Distribution
Address Breakdown
Residential
14,283
Single Family
13,392
Multi-Family
891
Businesses
1,243
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Listed by: Lane Team • North Shore's Gold Coast Realty
Mls Name: MLS PIN
Mls ID: #73468987