232 Lake DrSouth HamiltonMA01982
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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 South Hamilton at 232 Lake Dr, South Hamilton, MA, 01982 priced at $899,900 converts $3,757/mo rent into after a $4,405/mo obligation. Total monthly income equals $3,757/mo. Return on cash invested prints 12.3% in year one, and rental yield reads 5.01% against a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,626 by year five. Five-year ROI reaches 62.14% and total cumulative return in cash sums $183,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,757/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 1930
9,435 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01982, South Hamilton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,322 (78.4%) |
| Renter Occupied HU | 397 (13.4%) |
| Vacant Housing Units | 242 ( 8.2%) |
| Median Home Value | $804,116 |
| Average Home Value | $886,549 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,514
Multi-Family
184
Businesses
215
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Listed by: Fana - Machuca Team • Re-yes Real Estate
Mls Name: MLS PIN
Mls ID: #73467113