197 E Main St #1GloucesterMA01930
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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 Gloucester at 197 E Main St #1, Gloucester, MA, 01930 uses $140,888 cash to close to unlock $8,178/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $3,360/mo, and a $2,080/mo payment keeps the spread at $681/mo. Purchase price stands at $425,000, and rental yield measures 9.49% with $3,360/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 134.13% and total cumulative return in cash records $188,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Townhouse
Built in 1900
2,460 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: Andree Gillian Group • Engel & Volkers By the Sea
Mls Name: MLS PIN
Mls ID: #73457677