189 John Wise AveEssexMA01929
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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
Investment property for sale in Essex at 189 John Wise Ave, Essex, MA, 01929 earns from $4,103/mo rent with a $5,849/mo payment. Total monthly income totals $4,103/mo. ROI tracks 9.74% on current figures, and rental yield reads 4.12% at a $1,195,000 purchase. Equity gained on principal adds $7,711/yr, and 5% annual appreciation supports $330,156 over five years. Five-year ROI reaches 48.39% and total cumulative return in cash sums $187,346. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,103/mo property income instead of your personal income.
Single Family
Built in 1690
2.35 Acres 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 |
Housing Distribution
Address Breakdown
Residential
1,374
Single Family
1,257
Multi-Family
117
Businesses
220
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Listed by: Fabyan and Filias Team • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73391042