179 Lincoln StNorwellMA02061
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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 Norwell at 179 Lincoln St, Norwell, MA, 02061 priced at $1,650,000 converts $5,569/mo rent into after a $8,076/mo obligation. Total monthly income equals $5,569/mo. Return on cash invested prints 9.53% in year one, and rental yield reads 4.05% against a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation compiles into $455,865 by year five. Five-year ROI reaches 47.22% and total cumulative return in cash sums $252,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,569/mo property income covering a $8,076/mo payment, not borrower’s personal income.
Single Family
Built in 1968
2.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02061, Norwell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,799 (100%) |
| Owner Occupied HU | 3,485 (91.7%) |
| Renter Occupied HU | 204 ( 5.4%) |
| Vacant Housing Units | 110 ( 2.9%) |
| Median Home Value | $881,152 |
| Average Home Value | $952,311 |
Housing Distribution
Address Breakdown
Residential
3,783
Single Family
3,659
Multi-Family
124
Businesses
790
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Listed by: Eric Sugrue • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73465054