13 Maplewood AveGloucesterMA01930
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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 Gloucester at 13 Maplewood Ave, Gloucester, MA, 01930 priced at $465,000 pairs $2,960/mo rent with $29/mo cash flow after a $2,276/mo payment. Total monthly income equals $2,960/mo, and annual cash flow comes to $349/yr on $154,148 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 7.64% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 104.24% and total cumulative return in cash reaches $160,679. For financing, Ziffy Mortgage’s DSCR program evaluates $2,960/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1,560 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: Melissa Silva • RE/MAX Beacon
Mls Name: MLS PIN
Mls ID: #73416945