13 Rowe PointRockportMA01966
Nearby investment properties with comparable rents
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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 Rockport at 13 Rowe Point, Rockport, MA, 01966 offers $4,266/mo rent that, after a $6,472/mo payment. Total monthly income is $4,266/mo. Return on cash invested measures 6.17% in year one, and rental yield stands at 3.87% at a $1,322,300 entry. Equity gained on principal adds $8,533/yr while 5% annual appreciation compounds into $365,327 by year five. Five-year ROI records 30.26% and total cumulative return in cash reaches $129,621. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,266/mo property income versus a $6,472/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$1,000 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01966, Rockport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,384 (100%) |
| Owner Occupied HU | 2,363 (53.9%) |
| Renter Occupied HU | 967 (22.1%) |
| Vacant Housing Units | 1,054 (24.0%) |
| Median Home Value | $764,205 |
| Average Home Value | $880,041 |
Housing Distribution
Address Breakdown
Residential
3,770
Single Family
3,582
Multi-Family
188
Businesses
348
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Listed by: N/A • N/A
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