24 Catherine CtEast WarehamMA02538
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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 East Wareham at 24 Catherine Ct, East Wareham, MA, 02538 priced at $159,000 converts $1,227/mo rent into after a $778/mo obligation. Total monthly income equals $1,227/mo. Return on cash invested prints 13.08% in year one, and rental yield reads 9.26% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 70.78% and total cumulative return in cash sums $37,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,227/mo property income covering a $778/mo payment, not borrower’s personal income.
Manufactured
Built in 1963
N/A lot
$N/A/sqft
$525 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02538, East Wareham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,408 (65.5%) |
| Renter Occupied HU | 440 (20.5%) |
| Vacant Housing Units | 301 (14.0%) |
| Median Home Value | $427,027 |
| Average Home Value | $459,382 |
Housing Distribution
Address Breakdown
Residential
1,836
Single Family
1,561
Multi-Family
275
Businesses
179
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Listed by: June R. Johnson • Johnson Bayside Real Estate
Mls Name: MLS PIN
Mls ID: #73387607
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