16 Green St UNIT 9, Ipswich, MA, 01938 | $193/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

16 Green St UNIT 9, Ipswich, MA, 01938 | $193/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1628 sft

51 Nolan Ct #51, Tewksbury, MA, 01876

2 Bed
2 Bath
1030 sft

3 Harvest Dr #303, North Andover, MA, 01845

1 Bed
1 Bath
600 sft

98 Newbury St #2B, Danvers, MA, 01923

1 Bed
1 Bath
260 sft

42 Newman Rd APT 3, Malden, MA, 02148

Nearby investment properties with comparable prices

2 Bed
2 Bath
1030 sft

3 Harvest Dr #303, North Andover, MA, 01845

3 Bed
1 Bath
1100 sft

286 Newbury St #125, Peabody, MA, 01960

3 Bed
1 Bath
840 sft

261 Newbury St LOT 88C, Peabody, MA, 01960

1 Bed
1 Bath
688 sft

1 Colonial Dr #1B, Andover, MA, 01810

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Ipswich at 16 Green St UNIT 9, Ipswich, MA, 01938 at $243,600 posts ROI 22.78% with $193/mo cash flow from $1,728/mo rent. Total monthly income equals $1,728/mo, and annual cash flow records $2,315/yr on $80,753 to close. Return on cash invested measures 22.78% and rental yield reads 8.51% at the current $243,600. Equity gained on principal adds $1,572/yr, and 5% annual appreciation supports $67,302 by year five. Five-year ROI prints 118.35% and total cumulative return in cash totals $95,573.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,728/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 2014

1.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Stone Bridge Cottages!! An Oasis of convenience, comfort and style a stone's throw from downtown Ipswich, The River Walk, all the recreational opportunities the area offers including Crane Beach! Unique single level home with direct outside access opening to a beautifully landscaped courtyard. One bedroom, one bath, granite and SS kitchen, central AC, gas FHA heat, on demand high efficiency HW system, HW floors throughout. Deeded storage unit and deeded parking space. Unit # 9 is an AFFORDABLE UNIT Buyer must qualify with income and asset limitations to purchase home. A one (1) person household may make up to $92,600 annually and two (2) person household may make up to $105,850 annually to qualify. See application attached to the listing along wit other important information needed to qualify to purchase.

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