16 Southern Ave #AEssexMA01929
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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 Essex at 16 Southern Ave #A, Essex, MA, 01929 priced at $434,000 pairs $2,551/mo rent with after a $2,124/mo payment. Total monthly income equals $2,551/mo. Return on cash invested is 18.37% in year one, and rental yield stands at 7.05% on a $434,000 basis. Equity gained on principal adds $2,801/yr, and 5% annual appreciation accumulates to $119,906 by year five. Five-year ROI measures 94.74% and total cumulative return in cash reaches $136,306. For financing, Ziffy Mortgage’s DSCR program evaluates $2,551/mo property income against a $2,124/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01929, Essex, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,653 (100%) |
| Owner Occupied HU | 1,088 (65.8%) |
| Renter Occupied HU | 398 (24.1%) |
| Vacant Housing Units | 167 (10.1%) |
| Median Home Value | $891,454 |
| Average Home Value | $952,275 |
Housing Distribution
Address Breakdown
Residential
1,374
Single Family
1,257
Multi-Family
117
Businesses
220
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A