12 Parsons St #2NewburyportMA01950
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
Rental property for sale in Newburyport at 12 Parsons St #2, Newburyport, MA, 01950 priced at $650,000 converts $5,272/mo rent into $1,176/mo cash flow after a $3,181/mo obligation. Total monthly income equals $5,272/mo, and annual cash flow totals $14,107/yr on $213,850 invested. Return on cash invested prints 26.66% in year one, and rental yield reads 9.73% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 139.15% and total cumulative return in cash sums $297,566. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,272/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Townhouse
Built in 1889
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01950, Newburyport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,760 (100%) |
| Owner Occupied HU | 6,027 (68.8%) |
| Renter Occupied HU | 2,087 (23.8%) |
| Vacant Housing Units | 646 ( 7.4%) |
| Median Home Value | $877,535 |
| Average Home Value | $942,557 |
Housing Distribution
Address Breakdown
Residential
8,654
Single Family
7,256
Multi-Family
1,398
Businesses
1,272
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karin Martin • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73435057