16 Water St #AAssonetMA02702
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 16 Water St #A, Assonet, MA, 02702 in Assonet is capital appreciation. Rental yield 3.3%. The 3.3% gross yield at $850,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $234,839 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.61) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $128,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 5.5% |
| Monthly Cash Flow | $(3,017) | $1,200 |
City averages based on Assonet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $5,019 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Team ROSO • RE/MAX Vantage
Mls Name: MLS PIN
Mls ID: #73453350