185 Washington StGloucesterMA01930
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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 Gloucester at 185 Washington St, Gloucester, MA, 01930 generates $2,671/mo in rent, after a $2,594/mo payment. Total monthly income is $2,671/mo. Return on cash invested sits at 15.45% in year one, and rental yield is 6.05% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 79.06% and total cumulative return in cash sums $137,831. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,671/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
1,275 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01930, Gloucester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 8,361 (54.6%) |
| Renter Occupied HU | 5,133 (33.5%) |
| Vacant Housing Units | 1,821 (11.9%) |
| Median Home Value | $750,301 |
| Average Home Value | $875,713 |
Housing Distribution
Address Breakdown
Residential
14,283
Single Family
13,392
Multi-Family
891
Businesses
1,243
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Listed by: Mark T. Vadala • Vadala Real Estate
Mls Name: MLS PIN
Mls ID: #73404309