200 Cove Way UNIT 304, Quincy, MA, 02169 | $630/mo Cash Flow

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200 Cove Way UNIT 304, Quincy, MA, 02169 | $630/mo Cash Flow | Ziffy

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Quincy at 200 Cove Way UNIT 304, Quincy, MA, 02169 earns $630/mo cash flow from $3,271/mo rent with a $2,051/mo payment. Total monthly income totals $3,271/mo, and annual cash flow totals $7,559/yr on $138,899 capital. ROI tracks 25.35% on current figures, and rental yield reads 9.37% at a $419,000 purchase. Equity gained on principal adds $2,704/yr, and 5% annual appreciation supports $115,762 over five years. Five-year ROI reaches 132.17% and total cumulative return in cash sums $183,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,271/mo property income instead of your personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Waterfront Living with Panoramic Views at Captains Cove Experience the best of coastal living in this beautiful 2-bedroom, 2-bathroom condo at Captains Cove, featuring stunning water views from every room and overlooking picturesque Snug Harbor and the Marina. This bright, open-concept home is designed to maximize natural light and breathtaking scenery throughout. The spacious kitchen offers a breakfast bar, abundant counter and cabinet space, and stainless steel appliances, opening effortlessly to the expansive living area. Sliding glass doors lead to a private balcony, where you can enjoy sweeping ocean and harbor viewsperfect for relaxing or entertaining.Both bedrooms are generously sized with excellent closet space and serene water views, including a comfortable primary suite with a private bath. Additional highlights include assigned assigned parking, plenty of on-site guest parking, and secure key-card building access.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02169, Quincy, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,854 (100%)
Owner Occupied HU	11,085 (35.9%)
Renter Occupied HU	18,123 (58.7%)
Vacant Housing Units	1,646 ( 5.3%)
Median Home Value	$687,048
Average Home Value	$773,523