16 Rockland RdDanversMA01923
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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 Danvers at 16 Rockland Rd, Danvers, MA, 01923 generates $5,442/mo in rent, after a $5,580/mo payment. Total monthly income is $5,442/mo. Return on cash invested sits at 14.71% in year one, and rental yield is 5.73% on a $1,140,000 entry. Equity gained on principal adds $7,356/yr, while 5% annual appreciation builds toward $314,961 over five years. Five-year ROI reaches 75% and total cumulative return in cash sums $277,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,442/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 8,185 (68.3%) |
| Renter Occupied HU | 3,242 (27.1%) |
| Vacant Housing Units | 558 ( 4.7%) |
| Median Home Value | $677,909 |
| Average Home Value | $714,250 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Listed by: Aleksandra Koren • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73445034