16 Appleton Park APT F6, Ipswich, MA, 01938 | $734/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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16 Appleton Park APT F6, Ipswich, MA, 01938 | $734/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ipswich at 16 Appleton Park APT F6, Ipswich, MA, 01938 at $325,000 posts ROI 28.09% with $734/mo cash flow from $2,783/mo rent. Total monthly income equals $2,783/mo, and annual cash flow records $8,811/yr on $107,738 to close. Return on cash invested measures 28.09% and rental yield reads 10.28% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 146.88% and total cumulative return in cash totals $158,245.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,783/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSES CANCELLED - offer accepted. This updated 2-bedroom penthouse condo is located within easy walking distance to Ipswich's vibrant downtown w/great restaurants, shops, Bialek Park and commuter rail to Boston! Boasting all new windows, a new wall air-conditioner and fresh paint from top-to-bottom this unit glows w/natural light. Wainscoting and crown molding accent the large living room that is open to the dining area which has hardwood floors and glass sliders to the composite balcony that overlooks the tree-lined courtyard. The fully-applianced kitchen has a pantry and ample maple cabinetry. The hardwood floors continue down the hall to two good-sized bedrooms and a ceramic tiled full bath. Coin-op laundry is conveniently located in the building. Assigned parking and plenty of visitor parking. Nothing to do but move in and enjoy one of the best beaches in New England - Crane Beach with a $20 resident parking pass.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01938, Ipswich, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,602 (100%)
Owner Occupied HU	4,449 (67.4%)
Renter Occupied HU	1,664 (25.2%)
Vacant Housing Units	489 ( 7.4%)
Median Home Value	$847,148
Average Home Value	$923,822