24 Lufkin StEssexMA01929
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 24 Lufkin St, Essex, MA, 01929 in Essex offers a clean, manageable entry. Rental yield 6.65%. DSCR 1.23 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $247,272 in additional property value over five years, with $8,243/yr in principal equity building ownership stake. Total projected cumulative return: $296,223.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(678) | $850 |
City averages based on Essex market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,963 |
| Total Monthly Debt Service | $5,285 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
0.36 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1950
0.36 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Ventimiglia • Vadala Real Estate
Mls Name: MLS PIN
Mls ID: #73475933