189 Burrill St #2SwampscottMA01907
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 189 Burrill St #2, Swampscott, MA, 01907 in Swampscott at $475,000 earns $3,158/mo in rent and nets $165/mo after the $2,136/mo payment, a 7.98% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $131,234 over five years. Ziffy Mortgage underwrites this on a 1.48 DSCR without U.S. credit history. With $4,375/yr in principal paydown, total projected return reaches $190,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.2% |
| Monthly Cash Flow | $165 | $850 |
City averages based on Swampscott market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,158 |
| Total Monthly Debt Service | $2,805 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01907, Swampscott, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,479 (100%) |
| Owner Occupied HU | 4,642 (71.6%) |
| Renter Occupied HU | 1,533 (23.7%) |
| Vacant Housing Units | 304 ( 4.7%) |
| Median Home Value | $789,972 |
| Average Home Value | $855,233 |
Housing Distribution
Address Breakdown
Residential
6,287
Single Family
4,918
Multi-Family
1,369
Businesses
349
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
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01907, Swampscott, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,479 (100%) |
| Owner Occupied HU | 4,642 (71.6%) |
| Renter Occupied HU | 1,533 (23.7%) |
| Vacant Housing Units | 304 ( 4.7%) |
| Median Home Value | $789,972 |
| Average Home Value | $855,233 |
Housing Distribution
Address Breakdown
Residential
6,287
Single Family
4,918
Multi-Family
1,369
Businesses
349
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Winter • Donnelly + Co.
Mls Name: MLS PIN
Mls ID: #73440826