16 Cranberry LnNorwellMA02061
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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 Norwell at 16 Cranberry Ln, Norwell, MA, 02061 offers $6,000/mo rent that, after a $8,247/mo payment. Total monthly income is $6,000/mo. Return on cash invested measures 10.21% in year one, and rental yield stands at 4.27% at a $1,684,900 entry. Equity gained on principal adds $10,872/yr while 5% annual appreciation compounds into $465,507 by year five. Five-year ROI records 50.91% and total cumulative return in cash reaches $277,938. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,000/mo property income versus a $8,247/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02061, Norwell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,799 (100%) |
| Owner Occupied HU | 3,485 (91.7%) |
| Renter Occupied HU | 204 ( 5.4%) |
| Vacant Housing Units | 110 ( 2.9%) |
| Median Home Value | $881,152 |
| Average Home Value | $952,311 |
Housing Distribution
Address Breakdown
Residential
3,783
Single Family
3,659
Multi-Family
124
Businesses
790
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Listed by: N/A • N/A
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