238 Western Ave #AEssexMA01929
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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
Total monthly income runs $3,076/mo, and a $3,108/mo payment. Purchase price stands at $634,900, and rental yield measures 5.81% with $3,076/mo rent. Return on cash invested shows 14.74% in year one, and 5% annual appreciation builds toward $175,411 over five years. Five-year ROI reaches 75.24% and total cumulative return in cash records $157,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,076/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Townhouse
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01929, Essex, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,653 (100%) |
| Owner Occupied HU | 1,088 (65.8%) |
| Renter Occupied HU | 398 (24.1%) |
| Vacant Housing Units | 167 (10.1%) |
| Median Home Value | $891,454 |
| Average Home Value | $952,275 |
Housing Distribution
Address Breakdown
Residential
1,374
Single Family
1,257
Multi-Family
117
Businesses
220
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Listed by: Fabyan and Filias Team • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73444450