16 Water St #AAssonetMA02702
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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
Investment property for sale in Assonet at 16 Water St #A, Assonet, MA, 02702 with 5% annual appreciation on a $850,000 basis while $2,340/mo rent supports operations. 11% in year one. Equity gained on principal adds $5,485/yr, and five-year appreciation sums $234,839 alongside rental yield of 3.3%. Five-year ROI measures 34.34% and total cumulative return in cash totals $96,022. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,340/mo property income versus a $4,160/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1894
1.50 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02702, Assonet, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,999 (100%) |
| Owner Occupied HU | 1,477 (73.9%) |
| Renter Occupied HU | 473 (23.7%) |
| Vacant Housing Units | 49 ( 2.5%) |
| Median Home Value | $558,599 |
| Average Home Value | $584,039 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,481
Multi-Family
0
Businesses
152
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Listed by: Team ROSO • RE/MAX Vantage
Mls Name: MLS PIN
Mls ID: #73453350