16 Mockingbird LaneMarstons MillsMA02648
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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 Marstons Mills at 16 Mockingbird Lane, Marstons Mills, MA, 02648 priced at $609,000 converts $3,227/mo rent into after a $2,981/mo obligation. Total monthly income equals $3,227/mo. Return on cash invested prints 16.4% in year one, and rental yield reads 6.36% against a $609,000 entry. Equity gained on principal adds $3,930/yr, while 5% annual appreciation compiles into $168,255 by year five. Five-year ROI reaches 84.14% and total cumulative return in cash sums $168,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,227/mo property income covering a $2,981/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02648, Marstons Mills, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,537 (100%) |
| Owner Occupied HU | 2,826 (79.9%) |
| Renter Occupied HU | 277 ( 7.8%) |
| Vacant Housing Units | 434 (12.3%) |
| Median Home Value | $680,664 |
| Average Home Value | $699,241 |
Housing Distribution
Address Breakdown
Residential
3,004
Single Family
2,999
Multi-Family
5
Businesses
233
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Listed by: Katie Pazakis • Keller Williams Realty
Mls Name: CCIMLS
Mls ID: #22505913