24 River Point Dr #6IpswichMA01938
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 24 River Point Dr #6, Ipswich, MA, 01938 in Ipswich at $689,000. Rental yield 6.35%. The 6.35% yield and 1.18 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $190,358 by year five, and $6,346/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $216,926.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 5.2% |
| Monthly Cash Flow | $(695) | $400 |
City averages based on Ipswich market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,648 |
| Total Monthly Debt Service | $4,069 |
| DSCR Ratio | 0.90x |
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.
Townhouse
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01938, Ipswich, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,449 (67.4%) |
| Renter Occupied HU | 1,664 (25.2%) |
| Vacant Housing Units | 489 ( 7.4%) |
| Median Home Value | $847,148 |
| Average Home Value | $923,822 |
Housing Distribution
Address Breakdown
Residential
6,328
Single Family
5,299
Multi-Family
1,029
Businesses
594
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
Townhouse
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01938, Ipswich, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,449 (67.4%) |
| Renter Occupied HU | 1,664 (25.2%) |
| Vacant Housing Units | 489 ( 7.4%) |
| Median Home Value | $847,148 |
| Average Home Value | $923,822 |
Housing Distribution
Address Breakdown
Residential
6,328
Single Family
5,299
Multi-Family
1,029
Businesses
594
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Needham • GLN & Company, LLC
Mls Name: MLS PIN
Mls ID: #73453735