16 Green St UNIT 9IpswichMA01938
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 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
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 |
Housing Distribution
Address Breakdown
Residential
6,328
Single Family
5,299
Multi-Family
1,029
Businesses
594
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Listed by: Edward Dick • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73422481