23 Myrtle StQuincyMA02171
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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 Quincy at 23 Myrtle St, Quincy, MA, 02171 priced at $1,060,000 converts $3,772/mo rent into after a $5,188/mo obligation. Total monthly income equals $3,772/mo. Return on cash invested prints 10.21% in year one, and rental yield reads 4.27% against a $1,060,000 entry. Equity gained on principal adds $6,840/yr, while 5% annual appreciation compiles into $292,858 by year five. Five-year ROI reaches 50.87% and total cumulative return in cash sums $174,721. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,772/mo property income covering a $5,188/mo payment, not borrower’s personal income.
Multi Family
Built in 1890
4,785 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02171, Quincy, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,157 (100%) |
| Owner Occupied HU | 4,528 (44.6%) |
| Renter Occupied HU | 4,884 (48.1%) |
| Vacant Housing Units | 745 ( 7.3%) |
| Median Home Value | $787,736 |
| Average Home Value | $892,653 |
Housing Distribution
Address Breakdown
Residential
9,561
Single Family
5,048
Multi-Family
4,513
Businesses
481
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Listed by: Dora Chung • Denkar Realty Group
Mls Name: MLS PIN
Mls ID: #73463500