14 Paradis Cir #2RockportMA01966
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 Rockport at 14 Paradis Cir #2, Rockport, MA, 01966 earns $2,035/mo cash flow from $6,000/mo rent with a $3,079/mo payment. Total monthly income totals $6,000/mo, and annual cash flow totals $24,422/yr on $206,941 capital. ROI tracks 31.86% on current figures, and rental yield reads 11.45% at a $629,000 purchase. Equity gained on principal adds $4,059/yr, and 5% annual appreciation supports $173,781 over five years. Five-year ROI reaches 167.07% and total cumulative return in cash sums $345,729. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,000/mo property income instead of your personal income.
Condo
Built in 1956
7,600 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lane Team • North Shore's Gold Coast Realty
Mls Name: MLS PIN
Mls ID: #73405039