24 Beechwood RdHalifaxMA02338
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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 Halifax at 24 Beechwood Rd, Halifax, MA, 02338 priced at $189,900 converts $1,800/mo rent into $604/mo cash flow after a $929/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $7,243/yr on $62,952 invested. Return on cash invested prints 31.41% in year one, and rental yield reads 11.37% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 164.72% and total cumulative return in cash sums $103,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $929/mo payment, not borrower’s personal income.
Manufactured
Built in 1972
2.30 Acres 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
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Listed by: Ruth Thetonia • Brook Realty
Mls Name: MLS PIN
Mls ID: #73423668