23 Payson AveRocklandMA02370
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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 Rockland at 23 Payson Ave, Rockland, MA, 02370 uses $210,527 cash to close to unlock $850/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $4,104/mo, and a $3,132/mo payment keeps the spread at $71/mo. Purchase price stands at $639,900, and rental yield measures 7.7% with $4,104/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $176,793 over five years. Five-year ROI reaches 105.93% and total cumulative return in cash records $223,007. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,104/mo property income covering a $3,132/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,477 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02370, Rockland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 5,242 (71.4%) |
| Renter Occupied HU | 1,853 (25.3%) |
| Vacant Housing Units | 243 ( 3.3%) |
| Median Home Value | $562,590 |
| Average Home Value | $626,963 |
Housing Distribution
Address Breakdown
Residential
7,162
Single Family
6,596
Multi-Family
566
Businesses
629
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Listed by: Bill Fennelly • Coldwell Banker Realty - Hingham
Mls Name: MLS PIN
Mls ID: #73438301