23 Lantern LnHalifaxMA02338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Halifax at 23 Lantern Ln, Halifax, MA, 02338 uses $130,943 cash to close to unlock $4,677/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $2,879/mo, and a $1,933/mo payment keeps the spread at $390/mo. Purchase price stands at $395,000, and rental yield measures 8.75% with $2,879/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 122.15% and total cumulative return in cash records $159,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,879/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 1940
3,160 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Doug Crane • Conway - Bridgewater
Mls Name: MLS PIN
Mls ID: #73458926