135 Grove St APT 115RocklandMA02370
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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
Investment property for sale in Rockland at 135 Grove St APT 115, Rockland, MA, 02370 offers a 9.54% rental yield on a $179,900 purchase with $1,430/mo rent. Total monthly income registers $1,430/mo, and a $881/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,548/yr on $59,637 to close, and return on cash invested stands at 25.86% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 134.91% and total cumulative return in cash at $80,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,430/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02370, Rockland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 5,242 (71.4%) |
| Renter Occupied HU | 1,853 (25.3%) |
| Vacant Housing Units | 243 ( 3.3%) |
| Median Home Value | $562,590 |
| Average Home Value | $626,963 |
Housing Distribution
Address Breakdown
Residential
7,162
Single Family
6,596
Multi-Family
566
Businesses
629
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Listed by: David Silverman • Silvermansells
Mls Name: MLS PIN
Mls ID: #73462549