189 Burrill St #2SwampscottMA01907
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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 Swampscott at 189 Burrill St #2, Swampscott, MA, 01907 generates $3,158/mo in rent and, after a $2,325/mo payment, leaves $164/mo in cash flow. Total monthly income is $3,158/mo, and annual cash flow is $1,968/yr on $157,463 invested. Return on cash invested sits at 21.16% in year one, and rental yield is 7.98% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 109.72% and total cumulative return in cash sums $172,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,158/mo property income rather than buyer’s personal income.
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
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Listed by: Melissa Winter • Donnelly + Co.
Mls Name: MLS PIN
Mls ID: #73440826