2 Wood St NHalifaxMA02338
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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 Halifax at 2 Wood St N, Halifax, MA, 02338 priced at $429,000 converts $3,791/mo rent into $1,087/mo cash flow after a $2,100/mo obligation. Total monthly income equals $3,791/mo, and annual cash flow totals $13,042/yr on $142,214 invested. Return on cash invested prints 29.08% in year one, and rental yield reads 10.6% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 152.16% and total cumulative return in cash sums $216,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,791/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02338, Halifax, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,196 (100%) |
| Owner Occupied HU | 2,886 (90.3%) |
| Renter Occupied HU | 218 ( 6.8%) |
| Vacant Housing Units | 92 ( 2.9%) |
| Median Home Value | $502,126 |
| Average Home Value | $495,590 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
3,043
Multi-Family
27
Businesses
181
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Listed by: Lisa Burrelli • Lee Real Estate Group
Mls Name: MLS PIN
Mls ID: #73427493