162 Main St, Essex, MA, 01929 | 4.9% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,836/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 4.9% with $2,836/mo rent. Return on cash invested shows 11.95% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 60.3% and total cumulative return in cash records $137,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,836/mo property income covering a $3,402/mo payment rather than investor’s personal income.

Single Family

Built in 1963

6,098 sqft 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